Sattva Group has officially entered real estate in Mumbai by announcing six large-scale residential and commercial redevelopment projects spanning over 8 million sq ft of construction area. This major development marks a significant milestone for real estate in Mumbai , as the projects are primarily located across the Mumbai Metropolitan Region (MMR) and carry a gross development value (GDV) of ₹11,000 crore.
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Sattva Group Enters Real Estate in Mumbai with ₹11,000 Crore Redevelopment Projects
With this strategic expansion into real estate in Mumbai Sattva Group will undertake redevelopment through a competitive bidding process. The projects will be developed in key prime locations such as Prabhadevi, Goregaon East, Vile Parle West, Powai, Parel, and Bandra Kurla Complex (BKC), further strengthening the company’s footprint in real estate in Mumbai.
The redevelopment projects in MMR are expected to bring significant benefits to residents and the overall urban infrastructure of real estate in Mumbai. As per the company, these six projects will include the construction of over 2,500 rehabilitation homes and more than 2,000 new residential units . The projects are expected to commence around 2026 and will be executed in two phases.The first phase is targeted for completion by 2028, while the second phase will extend until 2032. This accelerated redevelopment process will help replace old and dilapidated buildings with safe, well-planned, and future-ready housing,further boosting real estate in Mumbai.
Mumbai’s real estate market is becoming increasingly competitive day by day. Due to the scarcity of available land and the rapidly growing competitive environment, real estate investors often have to face many challenges while implementing various projects in the city. Even in such circumstances, many investors remain keen to invest heavily in the city. Moreover, with the entry of the Sattva Group, the real estate market in Mumbai is expected to receive a significant boost.
Sattva Group Enters Real Estate in Mumbai
In a statement issued on February 10 ,the company highlighted that Mumbai is currently witnessing extensive structural redevelopment, with more than 1,600 dilapidated buildings requiring urgent reconstruction in line with modern safety and planning norms. The company also noted that improvements in DCPR 2034 (Development Control and Promotion Regulations) and incentives from authorities such as SRA (Slum Rehabilitation Authority), MHADA, and society-led redevelopment frameworks are creating new growth opportunities for real estate in Mumbai, encouraging disciplined and technically sound development.
Speaking on the occasion, Bijay Agarwal, Managing Director, Sattva Group, said:”Mumbai is entering a defining phase of urban renewal, driven by the need to replace ageing structures with safer, well-planned, future-ready housing. Redevelopment requires clarity, discipline, and long-term commitment—values central to Sattva’s growth over the past three decades. Our entry into real estate in Mumbai is a strategic extension of our legacy of delivering large, technically complex projects on time and with consistency. We look forward to contributing meaningfully to the city’s next decade of growth.”Sattva Group is a well-established name in the Indian real estate sector, having already completed 78 million sq ft of development and currently executing projects across 71 million sq ft in various cities. Given the company’s scale, technical expertise, and strong execution track record, industry experts believe that Sattva’s entry will significantly accelerate growth in real estate in Mumbai.
Over the past year, the company has carried out in-depth market research across redevelopment clusters, aligning project planning and execution strategies with regulatory frameworks and local development dynamics. The rehabilitation works under these six projects will primarily be carried out in Sewri, Prabhadevi, Goregaon East, Vile Parle, Powai, and BKC, ensuring faster completion and improved living standards for residents, further strengthening real estate in Mumbai.