Sattva Group's Rs 800 Crore Investment in Goa Property Market
Sattva Group, a leading real estate firm, plans to invest Rs 800 crore in Goa's property market over the next two years, capitalizing on the rising demand and improved infrastructure in the coastal city.
Sattva GroupGoa PropertyReal Estate InvestmentInfrastructureNrisReal EstateJul 06, 2025
Sattva Group entered the Goa market a few years ago and has already developed the first phase of its maiden housing project, 'Sattva Water's Edge.' The company recently launched the second phase, which includes villas and apartments. The group is also planning to develop two more projects in Goa, including a gated community offering residential plots.
Sattva Group Managing Director Bijay Agarwal shared, “We will invest around Rs 800 crore over the next two years in Goa.” The company is optimistic about the potential of the Goa market, noting a strong demand for both first and second homes in this popular tourist destination. Additionally, there is significant interest from NRIs in the Goa property market.
In the second phase of the Sattva Water's Edge project, located near Dabolim airport, the company will develop 10 signature villas and 24 boutique apartments. According to PropEquity data, housing sales in Goa increased by 5% to 3,585 units in 2024, compared to 3,430 units in the same period last year. Sales in value terms rose by 32% annually to Rs 5,726 crore in 2024.
Over the past three decades, Sattva Group has completed 74 million sq ft of area across various residential and commercial projects. More than 75 million sq ft of area is currently under various stages of planning and development. The group has a presence in Pune and Kolkata and is planning to enter the Mumbai market.
Sattva Group's portfolio extends beyond residential and commercial real estate to include coworking, coliving, data centers, and warehousing. The group is also involved in hospitality and education. In early March, Sattva Group and Blackstone-sponsored Knowledge Realty Trust (KRT) filed the Draft Red Herring Prospectus (DRHP) with SEBI to launch an Initial Public Offering (IPO) for raising Rs 6,200 crore and list the REIT on stock exchanges. This public issue aims to monetize 30 prime office assets across major cities in India.
Frequently Asked Questions
What is Sattva Group's planned investment in Goa?
Sattva Group plans to invest Rs 800 crore in Goa's property market over the next two years.
What projects has Sattva Group already developed in Goa?
Sattva Group has developed the first phase of its 'Sattva Water's Edge' project and recently launched the second phase, which includes villas and apartments.
What other projects is Sattva Group planning in Goa?
Sattva Group is planning two more projects in Goa, including a gated community offering residential plots.
What is the current state of the Goa property market?
Housing sales in Goa increased by 5% to 3,585 units in 2024, with sales in value terms rising by 32% annually to Rs 5,726 crore in 2024.
What other sectors does Sattva Group operate in?
Sattva Group operates in various sectors including coworking, coliving, data centers, warehousing, hospitality, and education.
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