Bengaluru-based real estate developer Sattva Group has announced its entry into the Mumbai real estate market with six major redevelopment projects. Together, these projects cover more than 8 million sq ft and are valued at around ₹11,000 crore.
The projects are located in key Mumbai areas including Parel (Sewri), Prabhadevi, Goregaon East, Vile Parle West, Powai and near BKC. The company plans to start construction in 2026 and expects phased completion by 2032, with the first homes delivered around 2028.
Sattva will follow a rehabilitation-led redevelopment model, meaning they will provide upgraded homes for existing residents while also building new housing. The plan includes more than 2,500 homes for current residents and over 2,000 additional new units.
This move is a big step for Sattva, which already has a strong presence in southern cities like Bengaluru and Hyderabad. The company has completed around 78 million sq ft of projects and has 71 million sq ft under construction across India.
Bijay Agarwal, Managing Director of Sattva Group, said Mumbai is at a critical stage of urban renewal, with many old buildings needing replacement. He stressed that redevelopment in the city requires careful planning and long-term commitment, which Sattva aims to bring.
Sattva’s projects aim to modernize housing while keeping existing residents in mind, combining safety, sustainability, and better infrastructure. The company hopes its Mumbai portfolio will set an example for structured and responsible urban redevelopment in the city.
Experts say redevelopment is gaining importance in Mumbai due to limited land and high housing demand. New regulations under the DCPR 2034 are expected to make projects more feasible and attractive for developers.
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