Sattva Group Launches 8 Million Sq Ft Urban Redevelopment in Mumbai
Mumbai, Feb 10: Sattva Group, a prominent Indian real estate developer, has officially announced its entry into the Mumbai Metropolitan Region (MMR) with six residential and commercial redevelopment projects spanning over 8 million sq ft of construction area. The projects, awarded through competitive evaluations, are strategically located in Parel (Sewri), Prabhadevi, Goregaon East, Vile Parle West, Powai, and the Bandra Kurla Complex (BKC) vicinity.
With these six projects, Sattva Group expects to deliver more than 2,500 rehabilitation homes and over 2,000 newly built residences. Construction across the portfolio will begin in 2026 and continue in phases until 2032, with the first project likely to be delivered by 2028. The total Gross Development Value (GDV) across the projects is estimated at approximately ₹11,000 crore.
The company’s entry comes at a time when Mumbai is undergoing an extensive cycle of structural renewal. More than 16,000 ageing buildings require redevelopment to meet modern safety, planning, and sustainability standards. Upcoming refinements to Development Control and Promotion Regulation (DCPR) 2034 are expected to further support redevelopment viability across Slum Rehabilitation Authority (SRA), Maharashtra Housing and Area Development Authority (MHADA), and society-led models, creating strong demand for technically capable and financially disciplined developers.
Sattva’s Mumbai portfolio has been shaped through a rigorous multi-parameter evaluation framework encompassing regulatory clarity, engineering feasibility, environmental responsibility, lifecycle asset performance, and stakeholder engagement. Over the past year, the Group has built deep on-ground intelligence across key redevelopment micro-markets, enabling precise project phasing, design efficiency, and an execution strategy aligned with local regulatory dynamics.
Speaking on the new development, Bijay Agarwal, Managing Director, Sattva Group, said, “Mumbai is entering a defining phase of urban renewal, driven by the need to replace ageing structures with safer, well-planned, future-ready housing. Redevelopment requires clarity, discipline, and long-term commitment, values central to Sattva’s growth over the past three decades. 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.”
In line with its redevelopment philosophy, Sattva Group’s Mumbai projects adopt a structured, rehabilitation-led approach centered on safety, transparency, and long-term sustainability. Existing residents will receive upgraded amenities, enhanced safety systems, and structured transition support, overseen by dedicated engagement teams across the redevelopment lifecycle.
Anchored in engineering-led design and governance-driven project management, the Group’s entry into Mumbai reflects a disciplined approach to complex urban redevelopment, with a focus on execution certainty and long-term asset integrity. This initiative supports the renewal of ageing housing stock and Mumbai’s evolution into a safer, more resilient, and future-ready city.
