Sattva Group Launches 50-Acre, 2,500-Unit Housing Project in North Bengaluru, Targets ₹8,600 Crore
Sattva Group Launches 50-Acre, 2,500-Unit Housing Project in North Bengaluru, Targets ₹8,600 Crore
On March 24, Sattva Group announced the launch of a new residential project titled ‘Sattva City’ in North Bengaluru. Spread across a land parcel of 50 acres and launching a “15-minute city” concept, the estimated revenue potential of the project is approximately ₹8,600 crore.

Table of Contents

  1. Introduction
  2. Sattva City in North Bengaluru
  3. Sattva Group's Redevelopment Projects in the MMR
  4. Conclusion
  5. Faq's

Introduction

Sattva Group, a Bengaluru-based leading premium real estate developer, has completed 80 million sq ft of real estate space and has more than 71 million sq ft of space under construction around several Indian cities.

On March 24, the company announced the launch of a new residential project titled 'Sattva City' to further expand its footprint. Spread across a land parcel of 50 acres in North Bengaluru, the estimated revenue potential of the project is approximately ₹8,600 crore, as said by the company in a statement. The highlight of the project is its "15-minute city" concept to create a comfortable and convenient living environment for the residents.

Sattva City in North Bengaluru

  • Sattva City will have a Gross Development Value (GDV) of more than ₹8,600 crore, and will be delivered in phases with the first phase delivering around 2,500 units.
  • The project will offer apartment configurations of 2BHK, 2.5BHK, expansive 3BHK, 3.5BHK, 4BHK as well as exclusive penthouses.
  • With this residential development, the company aims to provide a balanced lifestyle by developing modern designs and giving access to open, green spaces.
  • The company is planning to dedicate 84% of the developmental area, which is 42 acres, for creating green spaces. Bijay Agarwal, MD of Sattva Group, said that at the scale this is created, this feature makes the project one of its kind for a development of this magnitude.

Sattva Group's Redevelopment Projects in the MMR

Earlier this year in February, Sattva Group had announced plans to redevelop six residential and commercial projects with over 8 million sq ft of construction across the Mumbai Metropolitan Region (MMR). With an estimated revenue potential of ₹11,000 crore for all six projects, the company is aiming to deliver its first project by 2028.

The six locations across the MMR are Parel (Sewri), Prabhadevi, Goregaon East, Vile Parle West, Powai, and in the vicinity of Bandra Kurla Complex (BKC).

The projects will be delivered in phases with the construction in all six locations will commence from 2026 until 2032. Through these six initiatives, the company aims to complete more than 4,500 units, split between 2,500 for rehabilitation units and 2,000 for new housing.

Conclusion

Sattva Group's goal is to create a project that blends modern infrastructure with expansive green spaces to build a healthy environment for its residents. The idea of the project's "15-minute city" and 84% space dedicated to open and landscaped areas expresses the company's focus to create homes that offer a sophisticated living experience.

Recognizing the airport corridor's potential as a premier growth hub in North Bengaluru, the company secured the land years ago to develop a large-scale urban community in the city.

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