Sattva Group Launches Rs 55 Billion Mumbai Redevelopment Project
Real Estate

Sattva Group Launches Rs 55 Billion Mumbai Redevelopment Project

Sattva Group has launched its first residential project in Mumbai, Sattva Sumera, in Parel with a gross development value (GDV) of around Rs 55 billion. The project marks the company’s entry into Mumbai’s redevelopment-led residential market.
Spread across a two-acre land parcel, the development will comprise twin high-rise towers with a total development potential of over 2 million sq ft. The first tower will house around 500 residences, including two- and three-bedroom apartments with Jodi configurations. Unit sizes range between 760 sq ft and 1,400 sq ft.
Located in Parel, the project is positioned to benefit from infrastructure upgrades including the Sewri-Worli Connector, Eastern Freeway, Atal Setu and the proposed Metro Line 11, improving connectivity across South Mumbai and key commercial districts.
Commenting on the launch, Shivam Agarwal said redevelopment in Mumbai is increasingly focused on improving liveability through better planning, space utilisation and execution.
The project will feature around 50,000 sq ft of amenities focused on wellness, recreation and community living. Sattva Group said the development reflects its long-term redevelopment strategy in Mumbai, supported by structured planning and design-led execution.

Sattva Group has launched its first residential project in Mumbai, Sattva Sumera, in Parel with a gross development value (GDV) of around Rs 55 billion. The project marks the company’s entry into Mumbai’s redevelopment-led residential market.Spread across a two-acre land parcel, the development will comprise twin high-rise towers with a total development potential of over 2 million sq ft. The first tower will house around 500 residences, including two- and three-bedroom apartments with Jodi configurations. Unit sizes range between 760 sq ft and 1,400 sq ft.Located in Parel, the project is positioned to benefit from infrastructure upgrades including the Sewri-Worli Connector, Eastern Freeway, Atal Setu and the proposed Metro Line 11, improving connectivity across South Mumbai and key commercial districts.Commenting on the launch, Shivam Agarwal said redevelopment in Mumbai is increasingly focused on improving liveability through better planning, space utilisation and execution.The project will feature around 50,000 sq ft of amenities focused on wellness, recreation and community living. Sattva Group said the development reflects its long-term redevelopment strategy in Mumbai, supported by structured planning and design-led execution.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code