Wed Sep 25 16:53:53 UTC 2024: ## Sattva Group Expands Footprint in Mumbai, Pune with Focus on Premium Residential and Commercial Projects

**Bengaluru-based real estate developer Sattva Group is aggressively expanding its operations in Mumbai and Pune, focusing on both residential and commercial projects.** The company, known for its previous collaboration on a mixed-use project in Chembur, Mumbai, is now pursuing independent ventures in the city.

**Sattva has already secured its first deal in the premium-luxury residential segment in Sewri, Mumbai**, with plans to launch the project within the next three to four quarters. The company is also actively seeking additional land parcels in Mumbai for future developments.

**In Pune, Sattva has acquired multiple land parcels and is currently constructing 1 million square feet of commercial space.** The company is also exploring additional opportunities in both residential and commercial sectors, aiming to develop another 1.5 to 2 million square feet.

**Sattva’s expansion strategy is driven by the emergence of both Mumbai and Pune as key hubs for global capability centres.** The company’s client base includes major tech giants like Google, Microsoft, Oracle, and American Express, who have established development centres and global capability centres in Sattva’s facilities.

**The company has earmarked around Rs 14,000 crore for investments across various real estate assets,** including hotels and data centres. Sattva is also planning to launch an office real estate investment trust (REIT) in partnership with Blackstone and Panchshil Realty.

**With a strong portfolio and strategic expansion plans, Sattva Group is poised to become a major player in the real estate market of Mumbai and Pune.**

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