BENGALURU
:
Metropolis-based actual property firm Sattva Group has entered the Mumbai Metropolitan Area (MMR) property market with six residential and business redevelopment tasks spanning over 8 million sq ft space.
The tasks are positioned in micro-markets throughout MMR—in Parel (Sewri), Prabhadevi, Goregaon East, Vile Parle East, Powai and close to Bandra Kurla Complicated (BKC).
The whole gross growth worth (GDV) throughout the tasks is estimated at round ₹11,000 crore. With these six tasks, Sattva Group stated it goals to ship over 2,500 rehabilitation houses and greater than 2,000 newly-built residences.
Building will start this 12 months, and proceed in phases till 2032, with the primary challenge more likely to be delivered by 2028.
“Mumbai is getting into a defining section of city renewal, pushed by the necessity to change ageing constructions with safer, well-planned, future-ready housing. Redevelopment requires readability, self-discipline and long-term dedication, values central to Sattva’s progress over the previous three a long time,” Bijay Agarwal, managing director, Sattva Group, stated in an announcement on Tuesday.
“Our entry into Mumbai is a strategic extension of our legacy of delivering giant, technically complicated tasks on time and with consistency,” Agarwal added. The corporate’s entry comes at a time when Mumbai is present process an intensive structural renewal, with greater than 16,000 ageing buildings requiring redevelopment.
Redevelopment push
Sattva is the most recent non-Mumbai developer to enter the nation’s most precious actual property market, primarily pushed by huge redevelopment alternatives.
Apart from Mumbai builders, prime Bengaluru builders equivalent to Status Estates Initiatives Ltd and Puravankara Ltd have taken up tasks to redevelop previous housing societies or slum pockets within the metropolis. Final 12 months, Gurugram-based DLF Ltd, too, launched its first slum rehabilitation growth, within the metropolis’s suburban Andheri locality.
As per a September 2025 report by property advisory Knight Frank India, round 910 societies in Mumbai have initiated redevelopment, unlocking 326.8 acres of potential buildable space. The momentum is accelerating.
Mumbai-based builders equivalent to Mahindra Lifespace Builders Ltd, Ok Raheja Corp, Rustomjee Group amongst others have undertaken a number of redevelopment tasks within the metropolis.
Society redevelopment as a section alone might unlock greater than 44,000 new houses within the Brihanmumbai Municipal Corp. (BMC) limits by 2030, value practically ₹1.3 trillion, Knight Frank India stated in its report.