Sattva Group Enters Mumbai with 8 Million Sq Ft Redevelopment

Sattva Group, one of India’s long‑standing real estate developers, has announced its entry into the Mumbai Metropolitan Region (MMR) with six residential and commercial redevelopment projects spanning more than 8 million sq ft. The projects, awarded through competitive evaluations, are located in Parel (Sewri), Prabhadevi, Goregaon East, Vile Parle West, Powai, and the Bandra Kurla Complex (BKC) vicinity.

Together, the portfolio is expected to deliver over 2,500 rehabilitation homes and 2,000 newly built residences. Construction will begin in 2026 and continue in phases until 2032, with the first project slated for delivery by 2028. The total Gross Development Value (GDV) across the projects is estimated at approximately ₹11,000 crore.

Mumbai is currently undergoing a significant cycle of structural renewal, with more than 16,000 ageing buildings requiring redevelopment to meet modern safety and sustainability standards. Upcoming refinements to DCPR 2034 are expected to further support redevelopment viability across SRA, MHADA, and society‑led models, creating strong demand for technically capable and financially disciplined developers.

Bijay Agarwal, Managing Director of 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 Mumbai is a strategic extension of our legacy of delivering large, technically complex projects on time and with consistency.”

Sattva’s Mumbai portfolio has been shaped through a rigorous evaluation framework covering regulatory clarity, engineering feasibility, environmental responsibility, lifecycle asset performance, and stakeholder engagement. The Group has built deep on‑ground intelligence across key redevelopment micro‑markets, enabling precise project phasing and execution strategies aligned with local dynamics.

Anchored in engineering‑led design and governance‑driven project management, Sattva’s entry into Mumbai reflects a disciplined approach to complex urban redevelopment, supporting the renewal of ageing housing stock and contributing to the city’s evolution into a safer, more resilient, and future‑ready metropolis.