Salarpuria Sattva — headquartered at Ulsoor Road, Bengaluru, and operating under MD Bijay Kumar Agarwal — built its national reputation across Bengaluru and Hyderabad before turning its attention to Mumbai. Founded in 1986 as a boutique construction firm, the group expanded into large-scale real estate development, commercial IT parks, and integrated urban infrastructure, and today carries a strong presence across Bengaluru, Hyderabad, Kolkata, Pune, Coimbatore, and Goa. The group holds a CRISIL 'AA'/Stable rating and has India's largest REIT for office spaces in partnership with global private equity firm Blackstone. Based in Bangalore, Sattva Group has built residential and commercial projects across seven cities in India, delivering across 69 million sq ft to date with a further 28 projects in the pipeline.
Sattva Group entered the Mumbai residential market with the launch of Sattva Sumera, a redevelopment-led housing project in Parel with a Gross Development Value of ₹5,500 crore — the company's first residential development in Mumbai, forming part of a broader redevelopment pipeline in the city. With over three decades of experience, Sattva brings its legacy of disciplined execution and design-led approach to Mumbai, backed by global partners including Blackstone and KRT.
Sattva Sumera is located on Jerbai Wadia Road, Shivaji Nagar, Parel, Mumbai. Located in Parel, this premium residential address is designed around three essential elements: air, light, and space. The project offers ample open space, as only two towers are being constructed on a 2.25-acre land parcel — a low tower density that ensures more breathing space within the project and allows for better ventilation inside the apartments.
Sattva Sumera offers 2 BHK and 3 BHK premium residences. The 2 BHK units range from 761 to 832 sq ft carpet area, while 3 BHK units range from 1,118 to 1,507 sq ft. Each tower floor has six flats, two lifts, and one staircase. The all-inclusive price of a 2 BHK starts from ₹3.59 crore, varying by carpet area and floor level.
The tower offers 2 BHK and 3 BHK apartments with balconies positioned for unobstructed views of the iconic Atal Setu. Curated amenities include a clubhouse, gymnasium, swimming pool, landscaped garden, kids' play area, indoor games area, multipurpose court, banquet hall, senior citizen area, and an amphitheater.
Sattva Sumera is RERA-registered under number PM1170002502568. The expected possession date is 1 December 2031 as per RERA.
Parel has seen one of Mumbai's most visible urban shifts, moving from a mill-dominated belt into an upscale address. Land that once hosted cotton mills now supports business parks, retail destinations, dining venues, and residential towers. Parel draws interest from those who prefer a South Mumbai location without entering the cost bands of Worli, Mahalaxmi, or Cuffe Parade.
Sattva Sumera sits minutes from institutions including JBCN International School, DY Patil International School, Siddhachal Hospital, and Peninsula Corporate Park, as well as recreational destinations including Phoenix Palladium and Phoenix Mills. Connectivity runs via the Eastern Freeway, Atal Setu (Mumbai Trans Harbour Link), Eastern Express Highway, Ambedkar Nagar Monorail Station, and Sewri Railway Station.
Infrastructure upgrades boosting Parel's residential value include the operational Aqua Line 3, the proposed Line 11, MTHL/Atal Setu, Eastern Freeway, Eastern and Western Express Highways, Coastal Road, and the upcoming Sewri-Worli Elevated Connector. The project is strategically located just minutes from the entry point of the MTHL, providing direct connectivity to Navi Mumbai.
Average property rates in Parel stood at approximately ₹44,450 per sq ft in 2026. Flat rates in the locality have appreciated 1.9% over the last year, 8.8% over three years, and 17.4% over five years. The average rental yield in Parel is around 4%.
Luxury registrations in the ₹5 crore-plus category are increasing more rapidly in the Mahalaxmi, Lower Parel, and Worli area than in established premium locations such as Juhu or Andheri West, while Mumbai's property registrations reached a 14-year high in 2025 and continued that trend into 2026. In Parel, price appreciation is selective — as older buildings are replaced by newer towers, the result is higher base prices rather than sharp year-on-year jumps.
With redevelopment activity continuing to shape Mumbai's real estate sector alongside major infrastructure expansion, Sattva Sumera marks a strategic step for the developer as it builds its long-term presence in one of India's most competitive urban markets. Salarpuria Sattva's institutional balance sheet — demonstrated through its Blackstone partnership and CRISIL rating — is a material factor for buyers committing to a 2031 possession date in a high-ticket market like South Mumbai.
With a portfolio of over 25 million sq ft of cutting-edge space in Hyderabad alone, Sattva has built iconic structures such as Sattva Knowledge City, one of the largest business parks in Hyderabad's HITEC City IT corridor. The group emerged as a frontrunner in catering to MNC demand in Bengaluru, developing GR Tech Park — Bengaluru's first IT park — which houses organisations including HP, Intel, SAP, and Sapient. The group has expanded into co-living with 18,000 beds, co-working with 4 million sq ft under management, warehousing, data centres, and e-commerce.
Managing Director Bijay Agarwal is a Harvard Presidents Program alumnus and has received accolades including the ET 'Best Employer' award, 'Best Builder' by the Builder's Guild of India, and the 'Hall of Fame' award by ITP Group's Commercial Design in 2023. Sattva Group is a trusted real estate brand with over 31 years of experience and more than 142 completed projects across Hyderabad, Bengaluru, Mumbai, Pune, and Mumbai Suburban.
Commenting on the Mumbai launch, Shivam Agarwal, VP Strategy, Sattva Group, said Mumbai is at a point where redevelopment is no longer just about replacing older buildings but about improving how people live, with buyers today valuing how well a home is planned, how much light it gets, and how it feels day to day — with Sattva Sumera focused on getting planning right and making spaces feel more open so that design and execution work together practically.
