en.Wedoany.com Reported - Indian real estate developer Sattva Group officially launched its first residential project, "Sattva Sumera," in the Parel district of Mumbai in early May 2026, marking the group's formal entry into the Mumbai real estate market. The project spans 2 acres and plans to build twin-tower high-rises with a total development potential exceeding 2 million square feet, with an estimated total revenue of 550 billion Indian rupees (approximately 47.9 billion RMB).
Founded in 1993 and headquartered in Bengaluru, Sattva Group is one of India's leading diversified real estate developers. To date, the group has completed approximately 80 million square feet of development across eight Indian cities, with another 100 million square feet in various stages of planning and development. The group maintains long-term partnerships with global private equity firms Blackstone and Apollo Global Management, and co-founded India's largest commercial real estate investment trust (REIT), Knowledge Realty Trust (KRT), managing assets of 46 million square feet.
The "Sattva Sumera" project consists of two towers approximately 200 meters tall. The first phase will offer around 500 residential units, including two-bedroom and three-bedroom layouts, with unit sizes ranging from 760 to 1,400 square feet, and supports flexible configuration options. The project also plans approximately 50,000 square feet of amenities covering health, leisure, and community living sectors, forming a vertical planning model integrating ground-floor retail, multi-level parking, and upper-level residences. The project's location in Parel benefits from multiple infrastructure upgrades, including the Sewri-Worli Connector, Eastern Freeway, Atal Setu, and the planned Metro Line 11, enhancing connectivity to South Mumbai and major commercial areas.
This project launch is part of Sattva Group's broader urban renewal strategy in Mumbai. The group previously announced it has undertaken six residential and commercial redevelopment projects in the Mumbai Metropolitan Region, with a total development area exceeding 8 million square feet, providing over 2,500 resettlement units and 2,000 new residential units, with an estimated total revenue of approximately 1.1 trillion rupees. Shivam Agarwal, Vice President of Strategy at Sattva Group, stated that Mumbai is at a critical stage of urban renewal, where housing design, space utilization, and delivery execution are becoming core elements in improving residents' quality of life.
The launch of "Sattva Sumera" marks Sattva Group's formal expansion into one of India's largest and most competitive residential markets, and a key step in its transformation from a Bengaluru-based developer into a national real estate enterprise.
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