Sattva Group is set to launch two new projects in Goa, including a gated community offering residential plots, as part of an Rs 8 billion investment planned over the next two years.

Bijay Agarwal, Managing Director of Sattva Group, highlighted the company’s focus on expanding its presence in Goa’s property market to capitalise on rising demand driven by improved infrastructure and enhanced connectivity with other Indian cities.

Expressing optimism about Goa’s market potential, Agarwal noted significant demand for both primary and second homes in the popular tourist destination, with notable interest from non-resident Indians (NRIs).

In the second phase of its Sattva Water’s Edge project near Dabolim airport, the group plans to develop 10 signature villas and 24 boutique apartments.

Data from PropEquity reveals that housing sales in Goa grew by 5 per cent to 3,585 units in 2024, compared to 3,430 units in the previous year. Sales value increased by 32 per cent annually to Rs 5.73 billion in the 2024 calendar year.

Over the past three decades, Sattva Group has completed projects covering 74 million square feet of residential and commercial space. Additionally, over 75 million square feet are currently in various planning and development stages.

Besides South India, Sattva Group operates in Pune and Kolkata and is preparing to enter the Mumbai market. The group’s portfolio also spans coworking, coliving, data centres, warehousing, hospitality, and education sectors.

In March, Sattva Group, in partnership with Blackstone-sponsored Knowledge Realty Trust (KRT), filed a Draft Red Herring Prospectus (DRHP) with SEBI to launch an initial public offering (IPO) aiming to raise Rs 6.2 billion and list the REIT on stock exchanges. Through this public issue, they plan to monetise 30 prime office assets across major cities.