Sattva Group Launches Rs 55 Billion Mumbai Redevelopment Project

07 May 2026 CW Team

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.

Real Estate

05 Aug 2026

CREDAI-MCHI to Host 10th Design & Construction Conference

CREDAI-MCHI will host the 10th anniversary edition of its Design & Construction Conference on August 19, 2026, at the Jio World Convention Centre in Mumbai.The event is expected to bring together more than 500 procurement leaders, construction heads, architects, consultants and senior real estate decision-makers, alongside over 50 construction and ancillary brands.The conference will feature product launches, technology showcases, knowledge sessions, strategic business-to-business networking and recognition of procurement professionals contributing to the transformation of the construction..

BorgWarner Wins Extension for High-Voltage Inverter Programmes

BorgWarner has secured a major extension of several high-volume high-voltage inverter programmes from a leading European automotive manufacturer.The contracts cover updated inverter designs for plug-in hybrid and 800V battery-electric vehicle applications. Production is scheduled to begin in 2029.Isabelle McKenzie, President and General Manager, BorgWarner PowerDrive Systems, said the programme extensions demonstrate the company’s position in power electronics and reflect the strength of its technology, in-house expertise and customer relationships.For plug-in hybrid vehicles, BorgWarner wil..

Castrol India Q2 Profit Rises 43% to Rs 3.48 bn

Castrol India reported a 43 per cent year-on-year increase in profit after tax to Rs 3.48 billion for the quarter ended June 30, 2026, supported by growth across its consumer, industrial and institutional businesses.Revenue from operations increased 25 per cent to Rs 18.71 billion during the second quarter of 2026, compared with Rs 14.97 billion in the corresponding period of 2025. EBITDA rose 41 per cent to Rs 4.94 billion from Rs 3.50 billion.Sequentially, revenue increased from Rs 15.45 billion in the first quarter of 2026, while EBITDA rose from Rs 3.29 billion. Profit after tax increased ..