Mumbai: Sattva Group has announced its formal entry into the Mumbai Metropolitan Region (MMR) with six urban redevelopment projects spanning approximately 8 million sq ft of construction area. The projects are located in Parel (Sewri), Prabhadevi, Goregaon East, Vile Parle West, Powai and near the Bandra Kurla Complex (BKC).
According to the company, the redevelopment projects were secured through a competitive evaluation process. The portfolio comprises a mix of residential and commercial redevelopment across key micro-markets in Mumbai.
Sattva Group stated that the six projects are expected to deliver over 2,500 rehabilitation homes and more than 2,000 newly constructed residences. Construction is scheduled to commence in 2026 and will be executed in phases through 2032. The first project is expected to be delivered by 2028. The combined Gross Development Value (GDV) of the portfolio is estimated at approximately ₹11,000 crore.
Mumbai’s redevelopment cycle has gained momentum amid ageing building stock across the city. Industry estimates indicate that more than 16,000 buildings require structural renewal to comply with updated safety and planning norms. Proposed refinements under Development Control and Promotion Regulation (DCPR) 2034 are expected to support redevelopment activity across Slum Rehabilitation Authority (SRA), Maharashtra Housing and Area Development Authority (MHADA), and society-led models.
The company said its Mumbai redevelopment portfolio was selected through a multi-parameter evaluation framework, including regulatory viability, engineering feasibility, environmental considerations, asset lifecycle planning, and stakeholder engagement.
Commenting on the development, Bijay Agarwal, Managing Director, Sattva Group, said Mumbai is entering a significant phase of urban renewal driven by the replacement of ageing structures with compliant, future-ready housing. He added that the company’s expansion into Mumbai aligns with its experience in executing large-scale and technically complex projects across India.
Sattva Group stated that its redevelopment approach will focus on structured rehabilitation, upgraded safety systems, transparent communication, and long-term asset sustainability. Dedicated engagement teams will oversee coordination with residents throughout the redevelopment lifecycle.
The company’s entry into Mumbai marks a strategic expansion into one of India’s most competitive urban redevelopment markets, as the city continues efforts to modernise ageing housing infrastructure.
