Sattva Group's Ambitious Expansion Plans: Investing ₹14,000 Crore in Real Estate
Sattva Group plans to invest ₹14,000 crore in commercial, residential, and hotel projects across India, with a focus on Bengaluru, Hyderabad, Mumbai, and Pune.
Real EstateSattva GroupInvestmentCommercial ProjectsResidential ProjectsHotel ProjectsBlackstoneReitReal EstateJun 25, 2024
As part of its expansion plans, the company is in discussions with Blackstone, a private equity firm, 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 top tech firms and global capability centers, including Google, Apple, and Novartis.
Sattva 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 this investment, the company aims to strengthen its position in the Indian real estate market, which is expected to grow exponentially in the coming years.
Frequently Asked Questions
How much is Sattva Group planning to invest in real estate?
Sattva Group is planning to invest ₹14,000 crore in real estate across commercial, residential, and hotel projects.
What is the focus area for Sattva Group's investment?
Sattva Group is focusing on markets where it already has a strong presence, including Bengaluru, Hyderabad, Mumbai, and Pune, as well as Chennai.
Who is Sattva Group's partner for creating a REIT?
Sattva Group is in discussions with Blackstone, a private equity firm, to create a REIT to monetize its commercial assets.
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.
What is the expected growth of the Indian real estate market?
The Indian real estate market is expected to grow exponentially in the coming years, driven by increasing demand for commercial, residential, and hospitality spaces.
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