Sattva Group's Ambitious Residential Leap in Mumbai

Sattva Group plans a major residential project in Mumbai, aiming for Rs 5,500 crore in revenue. The new project, 'Sattva Sumera', covers two acres and highlights the strong housing demand in the Mumbai Metropolitan Region. The firm, known for its nationwide real estate presence, pursues expansion.

Sattva Group, a prominent real estate company in India, announced the development of a significant housing project in Mumbai with predicted revenues amounting to Rs 5,500 crore. The company declared on Wednesday that their inaugural residential effort, named 'Sattva Sumera' in Parel, marks their expansion strategy in the bustling city.

Situated on a two-acre land parcel, the project offers a development potential exceeding 20 lakh square feet, reflecting the ongoing robust demand for housing in the Mumbai Metropolitan Region (MMR). Shivam Agarwal, Vice President of Strategy at Sattva Group, emphasized that redevelopment in Mumbai transcends mere reconstruction, focusing instead on enhancing residents' lifestyles.

Headquartered in Bengaluru, Sattva Group stands as a leading real estate developer, operating in eight cities across India. To date, they have delivered 80 million square feet and are in various planning stages for an additional 100 million square feet. The group, alongside Blackstone, has also supported India's largest commercial Real Estate Investment Trust (REIT), Knowledge Realty Trust (KRT), boasting a portfolio of 46 million square feet of Grade A office spaces in six cities.