Sattva Group Embarks on Ambitious Rs 14,000 Cr Investment Spree in Real Estate
Bengaluru-based real estate firm Sattva Group is set to invest Rs 14,000 crore in the next few years across commercial, residential, and hotel projects, eyeing a strong presence in key Indian markets.
Real EstateSattva GroupBlackstoneReitCommercial ProjectsResidential ProjectsHotel ProjectsReal Estate NewsJun 25, 2024
According to Bijay Agarwal, the Managing Director of Sattva Group, the company is very bullish on the real estate market and plans to invest in the residential, commercial, and hospitality verticals. As part of its expansion plans, the company is in discussions with Blackstone to create a Real Estate Investment Trust (REIT) to monetize its commercial assets.
The Sattva Group and Blackstone have a combined portfolio of 32 million square feet, of which 18 million square feet has already been completed. The company's client list boasts of top tech firms and global capability centers (GCCs), including Google, Apple, and Novartis.
Sattva Group plans to focus on markets where it already has a strong presence, including Bengaluru, Hyderabad, Mumbai, and Pune. Additionally, the firm is set to commence a project in Chennai. With its sights set on becoming a leading player in the Indian real estate market, Sattva Group is poised to make a significant impact in the industry.
Information Sattva Group is a Bengaluru-based real estate firm that has been operating in the industry for several years. The company has established itself as a reputable player in the market, with a strong portfolio of commercial, residential, and hospitality projects.
Blackstone is a global private equity firm that has been investing in the Indian real estate market for several years. The company has a significant presence in the country, with a portfolio of commercial and residential projects.
Frequently Asked Questions
How much is Sattva Group planning to invest in the real estate market?
Sattva Group is planning to invest Rs 14,000 crore in the next few years across commercial, residential, and hotel projects.
What is the purpose of creating a REIT with Blackstone?
The purpose of creating a REIT with Blackstone is to monetize Sattva Group's commercial assets.
Which markets is Sattva Group planning to focus on?
Sattva Group is planning to focus on markets where it already has a strong presence, including Bengaluru, Hyderabad, Mumbai, and Pune.
Who are some of Sattva Group's clients?
Sattva Group's clients include top tech firms and global capability centers (GCCs), including Google, Apple, and Novartis.
What is the combined portfolio of Sattva Group and Blackstone?
The combined portfolio of Sattva Group and Blackstone is 32 million square feet, of which 18 million square feet has already been completed.
Related News Articles
Indian Real Estate Sees Bull Run: Housing Prices Rise 12% Annually in Q2 2024
Positive homebuyer sentiment and steady demand have kept the momentum strong in the residential market across major Indian cities, with Delhi-NCR witnessing the highest price rise of 30%
Mumbai's Infrastructure Revolution: Ports, Airports, and New Economic Zones
The MTHL and the Vadhvan Port are set to transform Navi Mumbai's economic landscape, boosting real estate demand and enhancing regional connectivity.
Reduced Stamp Duty to Boost Maharashtra Property Market and Help First-Time Buyers
Developer associations, such as CREDAI (Confederation of Real Estate Developers Associations of India), have formally submitted proposals to the Housing Minister, urging the implementation of reduced stamp duty to stimulate the property market and support
10% Upper Circuit: Omaxe Limited's Shares Surge with New Brand Launch
During Monday’s morning trading session, the shares of one of India’s leading real estate companies, Omaxe Limited, hit a 10 percent upper circuit at Rs. 98.65 on BSE, following the launch of a new brand with an initial investment of over Rs. 2,800 crores
Elphinstone ROB面临本月拆除，以推进连接项目
房地产. 2025年2月4日. 喀拉拉邦高等法院下令拆除并重建Chanderkunj军营塔楼。喀拉拉邦高等法院已下令拆除……
Borivali's Transformation into Mumbai's Premier Luxury Destination
Once a suburban area on the outskirts of Mumbai, Borivali is now emerging as a premier destination for luxury living, boasting record-breaking real estate transactions and world-class amenities.