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Sattva Group has formally entered the Mumbai Metropolitan Region with six residential and commercial redevelopment projects spanning more than 8 million sq ft of construction area. Secured through competitive evaluation processes, the projects are spread across Parel (Sewri), Prabhadevi, Goregaon East, Vile Parle West, Powai and the Bandra Kurla Complex vicinity. The portfolio is expected to deliver over 2,500 rehabilitation homes and more than 2,000 new residences, with an estimated gross development value of around INR 11,000 crore. Construction is scheduled to commence in 2026, with phased deliveries extending until 2032. The move aligns with Mumbai's accelerating redevelopment cycle, driven by ageing housing stock and evolving regulatory support under proposed refinements to DCPR 2034.
Sattva Group, a long-established real estate developer with a national presence, has announced its entry into the Mumbai Metropolitan Region (MMR) through a portfolio of six urban redevelopment projects covering more than 8 million sq ft of construction area. The projects, awarded following competitive evaluation processes, are located across key redevelopment micro-markets including Parel (Sewri), Prabhadevi, Goregaon East, Vile Parle West, Powai and areas surrounding the Bandra Kurla Complex. Advertisement
Through this redevelopment-led expansion, Sattva Group is expected to deliver over 2,500 rehabilitation homes alongside more than 2,000 newly constructed residential units. Construction across the portfolio is planned to begin in 2026, with execution phased through to 2032. The first project delivery is targeted for 2028. The combined gross development value of the six projects is estimated at approximately INR 11,000 crore.
The timing of Sattva's entry coincides with a major structural renewal phase underway in Mumbai, where an estimated 16,000 ageing buildings require redevelopment to meet contemporary safety, planning and sustainability standards. Industry participants anticipate that proposed refinements to Development Control and Promotion Regulation (DCPR) 2034 will further strengthen the viability of redevelopment across Slum Rehabilitation Authority (SRA), Maharashtra Housing and Area Development Authority (MHADA) and society-led redevelopment models. These regulatory shifts are expected to increase demand for developers with strong execution capabilities, governance frameworks and financial discipline.
According to the company, its Mumbai portfolio has been curated through a multi-parameter evaluation process that assessed regulatory clarity, engineering feasibility, environmental responsibility, asset lifecycle performance and stakeholder engagement. Over the past year, the Group has built on-ground intelligence across redevelopment precincts to support project phasing, design optimisation and execution strategies aligned with Mumbai's regulatory environment.
Commenting on the expansion, Bijay Agarwal, Managing Director, Sattva Group, said Mumbai was entering a defining phase of urban renewal, driven by the replacement of ageing structures with safer and better-planned developments. He added that redevelopment demands long-term commitment, technical discipline and execution certainty, values that have shaped Sattva's growth over the past three decades.
Sattva Group stated that its redevelopment approach in Mumbai will remain rehabilitation-led, with a focus on resident safety, transparency and long-term sustainability. Existing occupants are expected to receive upgraded amenities, improved safety systems and structured transition support managed through dedicated engagement teams. The company said its entry into Mumbai reflects a measured, governance-driven strategy aimed at supporting the city's transition towards a more resilient and future-ready urban housing stock.
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