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.
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