Sattva Group Expands into Mumbai Real Estate with 8 Million Sq Ft Projects
Sattva Group, a prominent property developer based in Bengaluru, has announced its strategic entry into the Mumbai Metropolitan Region (MMR) with six ambitious residential and commercial redevelopment projects. These projects, spanning over 8 million square feet of construction area, mark a significant milestone in the company's growth and expansion strategy.
Recently, another Bengaluru-based developer, Embassy Group, has also ventured into the Mumbai real estate market. Other notable players like Prestige and Puravankara already have a presence in the city, further intensifying competition and innovation in the sector.
Sattva’s new projects are strategically located in key areas of Mumbai, including Parel (Sewri), Prabhadevi, Goregaon East, Vile Parle West, Powai, and the Bandra Kurla Complex (BKC) vicinity. With these six projects, Sattva Group aims to deliver more than 2500 rehabilitation homes and over 2000 newly constructed residences. The construction across the portfolio is scheduled to begin in 2026 and will continue in phases until 2032, with the first project expected to be completed by 2028.
The total gross development value (GDV) of these projects is estimated at nearly ₹11,000 crore, underscoring the significant investment and commitment Sattva Group is making to the Mumbai real estate market. This move is not only a testament to the company's strong financial position but also its ability to handle large, technically complex projects with precision and consistency.
Bijay Agarwal, Managing Director of Sattva Group, expressed his enthusiasm about the company's expansion into Mumbai. “Mumbai is entering a defining phase of urban renewal, driven by the need to replace ageing structures with safer, well-planned, and future-ready housing,” he said. “Redevelopment requires clarity, discipline, and long-term commitment, values that have been central to Sattva’s growth over the past three decades.”
He further added, “Our entry into Mumbai is a strategic extension of our legacy of delivering large, technically complex projects on time and with consistency. We look forward to contributing meaningfully to the city’s next decade of growth.”
Sattva Group’s foray into Mumbai is expected to bring a fresh wave of modern, sustainable, and high-quality housing options to the city, addressing the growing demand for well-planned residential and commercial spaces. The company’s track record of successful project delivery and its commitment to sustainable development practices make it a promising player in the Mumbai real estate market.
With the construction set to begin in 2026, Sattva Group is well-positioned to make a significant impact on the urban landscape of Mumbai, contributing to the city’s ongoing transformation and development. The company’s focus on quality, sustainability, and community-driven development aligns well with the evolving needs and aspirations of Mumbai’s residents and businesses.
