Sattva enters Mumbai redevelopment market with US$ 1.21 billion pipeline
- IBEF
- February 11, 2026
With an eye towards Canada’s flourishing property market, one of the country’s largest real estate companies Bengaluru-based Sattva Group, has officially expanded its current portfolio by entering the Maharashtra region with its first redevelopment project. The Sattva Group currently has six residential/ commercial properties under development throughout the city of Mumbai; all located in many of the city’s prime micro-markets (e.g., Sewri, Prabhadevi, Goregaon (East), Vile Parle (West), Powai, Bandra-Kurla Complex (BKC)). These developments total approximately 8 million Square Feet and will have an estimated combined GDV (Gross Development Value) of Rs 11,000 crore (US$ 1.21 billion). In addition to leveraging Sattva’s vast engineering experience (over 30 years) and experience in executing large projects, entering Mumbai positions Sattva Group to establish itself as a significant institutional developer in an area previously dominated by locally operated developers, thereby signalling a change towards a more professionalized and well-capitalized firm handling the city's critical need for Housing and Infrastructure.
With plans to offer more than 2,500 rehabilitation homes to existing residents and create over 2,000 luxury new units in the city, the redevelopment team aims to provide quality urban housing while also improving the economic revitalization of Mumbai’s core and suburban areas. Initially starting in 2026, work will begin on the 2028-2032 projects, and the planned new ultra-luxury high-rise in Sewri will have over 60 storeys and offer sweeping panoramic views of both the Arabian Sea and the Mumbai City skyline. "Mumbai has begun to move vertically with the help of the DCPR 2034 legislation, providing financial incentives for redevelopment of old buildings," said Bijay Agarwal, Managing Director of Sattva Group. This innovative investment addresses both the immediate need for quality urban housing and provides an overall positive impact on the economy of Mumbai.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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