Sattva Group Targets Massive Growth in India's Housing Market

Realty firm Sattva Group aims for an 85% growth in residential sales, targeting Rs 6,500 crore this fiscal. The company is set to heavily invest in housing, office, and hotel projects, with significant developments planned across Bengaluru, Hyderabad, and Mumbai. Expansions in coworking and coliving ventures are also on the horizon.

Realty powerhouse Sattva Group has announced ambitions for an 85% growth in residential sales, setting its sights on an impressive Rs 6,500 crore target for the fiscal year. Leading the charge, Sattva Group MD Bijay Agarwal highlighted strong post-pandemic demand and aggressive expansion plans.

Bolstered by bullish projections, the firm revealed plans to invest between Rs 12,000-14,000 crore in the next three years, developing an array of housing, office, and hotel projects. Major launches are expected in Bengaluru, Hyderabad, and Mumbai, with over 23 million square feet already under construction nationwide.

The group also plans to expand its coworking and coliving ventures, aiming for public listings of Simpliwork Offices and Colive within the next 2-3 years. Additionally, talks with Blackstone hint at potential REIT launches, signaling a robust future for Sattva Group.