Sattva Group Enters Mumbai Metropolitan Region with Six Redevelopment Projects, ₹11,000 Crore GDV Pipeline
Sattva Group Launches Six-Project Portfolio in Mumbai Metropolitan Region
Sattva Group announced its formal entry into the Mumbai Metropolitan Region (MMR) in February 2026 with six residential and commercial redevelopment projects spanning over 8 million sq ft of construction area. The projects are located in Parel (Sewri), Prabhadevi, Goregaon East, Vile Parle West, Powai and the Bandra Kurla Complex (BKC) vicinity.
Scale and Delivery Timeline
The total Gross Development Value across the projects is estimated at approximately ₹11,000 crore. Sattva Group expects to deliver more than 2,500 rehabilitation homes and over 2,000 newly built residences.
Construction across the portfolio will begin in 2026 and continue in phases until 2032, with the first project likely to be delivered by 2028. The portfolio has been shaped through a rigorous multi-parameter evaluation framework encompassing regulatory clarity, engineering feasibility, environmental responsibility, lifecycle asset performance and stakeholder engagement.
Context: Mumbai's Urban Renewal Imperative
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. The Parel–Sewri belt, once dominated by textile mills and industrial warehouses, is today undergoing one of Mumbai's most dramatic urban transformations driven by large-scale redevelopment, infrastructure expansion, and the entry of marquee real estate developers.
The Mumbai Trans Harbour Link, which originates near Sewri and establishes direct connectivity with Navi Mumbai, has significantly enhanced cross-harbour accessibility, positioning the area as a strategic mobility gateway within the Mumbai Metropolitan Region.
Developer Philosophy: Rehabilitation-Led Approach
Sattva Group's Mumbai projects adopt a structured, rehabilitation-led approach centred on safety, transparency and long-term sustainability, with existing residents receiving upgraded amenities, enhanced safety systems and structured transition support.
Managing Director Bijay Agarwal stated, "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."
About Sattva Group
Rooted in trust, driven by innovation, and guided by knowledge leadership, Sattva Group has redefined India's real estate landscape since 1993. Sattva Group is one of the leading real estate developers in the country. It has delivered 78 million sq ft of area and over 71 million sq ft is under construction across multiple cities.
The Group has listed Knowledge Realty Trust (KRT) as co-sponsor with long term partner Blackstone, encompassing 46 million sq. ft of Grade A office assets across six cities and establishing itself as India's most geographically diversified REIT.
Sattva's commercial portfolio features iconic developments across key markets, while its expansive residential business spans Bangalore, Hyderabad, Mumbai, Pune, and Goa. Beyond core real estate, the Group's strategic diversification into co-working, co-living, education, hospitality, data centers, and warehousing reinforces its position as a comprehensive urban infrastructure leader, supported by an exceptional CRISIL AA rating.