Bengaluru-based real estate developer Sattva Group is making waves in Mumbai with its announcement of multiple independent projects in the city. The group, known for its collaborative efforts in the past, is now focusing on solo projects to establish a stronger presence in Mumbai.
According to Shivam Agarwal, Vice President of Strategic Growth at Sattva Group, the company is still primarily focused on Bengaluru and Hyderabad. However, Mumbai and Pune have become important locations for residential and commercial developments. Sattva has already closed a major deal in Mumbai’s Sewri area for a premium-luxury residential project, with plans to launch in the next few quarters.
In addition to Mumbai, Sattva Group is also ramping up its efforts in Pune, a growing hub for commercial real estate. The company has secured land parcels in Pune for significant commercial developments, including the construction of 1 million square feet of commercial space currently in progress.
With ambitious investment plans totaling around Rs 14,000 crore, Sattva Group is not shying away from big projects. The company is also preparing to launch an office Real Estate Investment Trust (REIT) in collaboration with Blackstone and Panchshil Realty.
Sattva Group’s existing projects in Bengaluru and Hyderabad have attracted global clients like Google, Microsoft, and Walmart, who have set up global capability centers in the company’s office spaces. With its expansion into Mumbai and Pune, Sattva Group is poised to become a key player in India’s real estate sector, catering to the growing demand for commercial and residential properties driven by corporate expansion.
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