Sattva Group Eyes Rs 110 Billion From Mumbai Redevelopments

13 Feb 2026 CW Team

The projects are located in Parel (Sewri), Prabhadevi, Goregaon East, Vile Parle West, Powai and the Bandra Kurla Complex vicinity. The company expects to deliver more than 2,500 rehabilitation homes and over 2,000 newly built residences across the six projects. Construction activity is planned to commence in 2026 and proceed in phased sequences.

Sattva Group indicated that the first project is likely to be delivered by 2028 and that work will continue through 2032. The total gross development value across the portfolio is estimated at approximately 110 bn, reflecting long-term revenue potential. The group framed the initiative as part of urban renewal driven by replacement of ageing structures with safer, future-ready housing.

The developer noted that it has delivered 78 million sq ft of area (78 mn sq ft) to date and has over 71 million sq ft under construction (71 mn sq ft). The firm highlighted its role as a major real estate player with a pipeline spanning multiple cities. The listing of Knowledge Realty Trust as a co-sponsor alongside Blackstone was identified as part of its office asset strategy.

Sattva Group continues to expand into co-working, co-living, education, hospitality, data centres and warehousing segments while advancing its Mumbai redevelopment programme. The company positioned the projects as requiring discipline and long-term commitment consistent with its three decades of growth.

Sattva Group will redevelop six housing and commercial projects in the Mumbai Metropolitan Region and expects total revenue of around Rs 110 billion (110 bn) over seven years. The Bengaluru-based developer announced formal entry into the region with projects spanning over eight million sq ft of construction area (eight mn sq ft). The portfolio was secured through competitive evaluations and is described as a mix of residential and commercial redevelopment sites. The projects are located in Parel (Sewri), Prabhadevi, Goregaon East, Vile Parle West, Powai and the Bandra Kurla Complex vicinity. The company expects to deliver more than 2,500 rehabilitation homes and over 2,000 newly built residences across the six projects. Construction activity is planned to commence in 2026 and proceed in phased sequences. Sattva Group indicated that the first project is likely to be delivered by 2028 and that work will continue through 2032. The total gross development value across the portfolio is estimated at approximately 110 bn, reflecting long-term revenue potential. The group framed the initiative as part of urban renewal driven by replacement of ageing structures with safer, future-ready housing. The developer noted that it has delivered 78 million sq ft of area (78 mn sq ft) to date and has over 71 million sq ft under construction (71 mn sq ft). The firm highlighted its role as a major real estate player with a pipeline spanning multiple cities. The listing of Knowledge Realty Trust as a co-sponsor alongside Blackstone was identified as part of its office asset strategy. Sattva Group continues to expand into co-working, co-living, education, hospitality, data centres and warehousing segments while advancing its Mumbai redevelopment programme. The company positioned the projects as requiring discipline and long-term commitment consistent with its three decades of growth.

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