Sattva Group

What Sattva Group does

Sattva Group is a Bangalore-headquartered, privately held Indian real estate developer founded in 1993, operating across at least eight Indian cities — Bengaluru, Hyderabad, Mumbai, Pune, Kolkata, Goa, Coimbatore, and Chennai — plus Visakhapatnam. The company has delivered 80 million sq ft of development with another 100 million sq ft in planning, holding CRISIL AA Stable and ICRA AA Stable credit ratings and four industry awards since 2023. Its portfolio spans residential apartments, villas, and plotted developments; commercial IT parks and office assets (including 30+ office buildings through the Knowledge Realty Trust REIT co-sponsored with Blackstone); hospitality (anchored by a 340-key Taj hotel in Bengaluru); co-living (a $100 million platform with Bain Capital and Colive); GCC services (the GCCBase platform with Innovalus); and exploration of data centres. Customers range from individual home buyers and NRI investors through SMB channel partners (5,000+ via CREDAI-MCHI) to enterprise occupiers including Smartworks and multinational GCC tenants.

The company generates revenue through a mix of one-time residential sales, recurring commercial rental income (direct and via KRT, in which Sattva holds 35%), managed services (hospitality, co-living, data centres), and distributions from its REIT stake. Its go-to-market blends direct-to-consumer field sales offices in seven cities, a digital property portal, a 5,000+ channel partner broker network, and enterprise field sales for large office occupiers and GCCs. Pricing is quote-based and not publicly disclosed across most products, with entry-level studios at Sattva Vasanta Cove starting from INR 5.4 million. Underlying technology includes AI-driven housing design informed by consumer feedback (claimed to cut planning cycles 20–30%), VR/AR/digital twins for buyer visualization, and integrated platforms like GCCBase that compress GCC setup from 12–18 months to 90 days.

Major recent strategic moves include the August 2025 listing of Knowledge Realty Trust (India's largest REIT IPO at INR 4,800 crore), formal entry into Mumbai with INR 11,000 crore of redevelopment GDV in 2026, the launch of the 50-acre Sattva City project in North Bengaluru (INR 8,600 crore GDV) built on a 15-minute city concept, and the buildout of multi-platform adjacencies in co-living, hospitality, GCC services, and data centres. The company has signaled group-level IPO readiness within six months. Leadership is anchored by founder Apurva Salarpuria and Managing Director Bijay Kumar Agarwal.

Name

Sattva Group

Legal name

Sattva Group

Website

https://sattvagroup.in

Company type

Private

Founded year

1993

Operating status

Operating

Headcount range

251–500 employees

Short description

Sattva Group is a Bangalore-headquartered, privately held Indian real estate developer founded in 1993, operating across 8+ cities with 80M sq ft delivered and 100M sq ft in planning. It develops residential, commercial office, hospitality, co-living, GCC services, and data centre projects, serving consumers, enterprises, and multinational GCCs.

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

Land Subdivision (2372), Land Subdivision (23721), Land Subdivision (237210)

SIC

Real Estate Dealers (For Their Own Account) (6532), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Off-Campus Purpose-Built Student Housing (PBSA) Management (BPAJAJAB)

Keywords

• Residential property development
• Commercial real estate leasing
• Office space development
• Hospitality real estate
• Co-living housing

Headquarters

HQ city

Bangalore

HQ country

India

HQ region

Asia

Offices7 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Residential Property Sales: Revenue from selling residential units across various projects including apartments, villas, row houses, and plotted developments. Major projects include Sattva City (Rs 8,600 crore GDV), Sattva Sumera Mumbai (Rs 5,500 crore), and multiple residential developments across Bengaluru, Hyderabad, Pune, Goa, and Coimbatore.
2. Commercial Office Leasing: Rental income from commercial IT parks and office spaces across Bengaluru, Hyderabad, Chennai, and Pune. Portfolio includes 30+ office assets across major cities. Sattva holds 35% stake in Knowledge Realty Trust which owns INR 619bn portfolio of 30 office buildings.
3. Hospitality Operations: Revenue from hospitality segment including upcoming 340-key Taj hotel in Bengaluru, upscale business hotel in Hyderabad, and mixed-use development in Visakhapatnam. Company allocating 10-20% of turnover toward hospitality expansion.
4. REIT Distributions: Sattva Group as co-sponsor (35% stake post-listing) of Knowledge Realty Trust receives distributions and unrealized gains from India's largest REIT listing. KRT raised INR 4,800 crore in India's largest REIT IPO with 13x oversubscription.
5. Co-Living Platform: $100 million co-living platform launched with Bain Capital and Colive for purpose-built rental housing in major Indian cities. Initial $20 million investment with land already acquired in Pune and Bengaluru.
6. Data Centre Operations: Exploration and development of data centre sector with large-scale mixed-use IT campus in Vishakhapatnam including data centre component. Partnership with global capability centres requiring digital infrastructure.

Pricing tiers

Go-to-market motion4 records

Distribution channels5 records

Marketing channels6 records

Core offering

Sattva Group is a privately held Indian real estate developer that builds, sells, and leases residential, commercial, hospitality, and co-living properties across eight Indian cities. The company has delivered 80 million sq ft of developments with another 100 million sq ft in planning, and supplements property development with REIT co-sponsorship (Knowledge Realty Trust), a GCC-as-a-service platform (GCCBase), and a $100 million co-living joint venture with Bain Capital and Colive.

Differentiator

Problem solved

Functional benefit

Brands

• Sattva City: 50-acre residential project based on 15-minute city concept in North Bengaluru
• Sattva Sumera
• Sattva Aura
• Sattva Vasanta Cove
• Sattva Aeropolis
• Sattva Aaranya
• GCCBase

Products and services

• Residential Property Development Development and sale of residential apartments, villas, row houses, and plotted developments across Bengaluru, Hyderabad, Mumbai, Pune, Goa, and Coimbatore, targeting first-time buyers, young professionals, premium/luxury segment buyers, and NRI investors.
• Commercial Office Leasing Rental of Grade A commercial office spaces and IT parks across Bengaluru, Hyderabad, Chennai, and Pune, targeting enterprise occupiers, managed office operators, and Global Capability Centers through 30+ office assets.
• Hospitality Operations Development and operation of premium hotels, business hotels, and resort developments including an upcoming 340-key Taj hotel in Bengaluru and an upscale business hotel in Hyderabad, serving business travelers, tourists, and wedding/events clientele.
• GCCBase Platform Integrated GCC-as-a-service platform offering real estate, talent acquisition, technology, and regulatory compliance support for multinational corporations establishing Global Capability Centers in India, compressing setup timelines from 12-18 months to 90 days.
• Co-Living Platform Purpose-built rental housing and co-living units for young professionals and students in major Indian cities, developed through a $100 million joint venture with Bain Capital and Colive, with land already acquired in Pune and Bengaluru.
• Knowledge Realty Trust REIT Real estate investment trust co-sponsored with Blackstone, owning a INR 619 billion portfolio of 30 office buildings across Hyderabad, Bengaluru, and Mumbai with 46.3-46.4 million sq ft; Sattva holds 35% post-listing stake.

Quantifiable outcome

• 80 million sq ft of developments delivered with 100 million sq ft in planning
• +3 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core.

• rePurpose GlobalcoreStrategic or Co-development Partner · 22 April 2026Partnership with Knowledge Realty Trust and rePurpose Global launched Karnataka Zero Waste Initiative - a three-year community-led waste management programme along Karnataka's 320-km coastline. Targets 80,000 households and 50 coastal villages, aiming to recover 4.5 million kg of waste while supporting 200 waste workers.
• Knowledge Realty TrustcoreStrategic or Co-development Partner · 27 January 2026Sattva Group co-sponsors Knowledge Realty Trust REIT with Blackstone. KRT is India's largest REIT by NOI and GAV with 46.3-46.4 million sq ft portfolio across Hyderabad, Bengaluru, and Mumbai. Sattva holds 35% post-listing stake.
• InnovaluscoreStrategic or Co-development Partner · 28 October 2025Sattva Group and Innovalus launched GCCBase platform to assist multinational companies in establishing and scaling Global Capability Centers in India. Platform targets technology, banking, healthcare, and engineering sectors, simplifying GCC setup from 12-18 months to 90 days.
• ColivecoreStrategic or Co-development Partner · 5 September 2025Colive partnered with Bain Capital and Sattva Group for $100 million co-living platform across India. Platform focuses on acquiring land and developing rental housing in major urban centers. $20 million additional funding secured for growth and technology infrastructure.

Scale indicators9 records

Recent moves12 records

Expansion highlights7 records

Direct peers

• Prestige Group: Bengaluru-headquartered listed Indian developer with a comparable mix of residential, commercial, hospitality and retail projects across South India; directly competes with Sattva on Bengaluru land and Grade A office supply.
• Brigade Enterprises: Listed South India-focused developer with overlapping Bengaluru, Hyderabad, Chennai and Kochi residential pipelines and a meaningful commercial office portfolio, including a listed REIT (BRIGADE REIT), making it a close structural parallel to Sattva.
• Sobha Limited: Listed Indian residential developer with a similar Bengaluru-centric premium residential franchise and backward-integrated construction model, competing head-to-head with Sattva across mid-to-premium segments in Bangalore.
• Godrej Properties: Pan-India listed residential developer with strong presence in Mumbai, Pune, Bengaluru, Hyderabad and NCR; a relevant peer given Sattva's expansion into Mumbai and Pune redevelopment and its pan-India GCC-focused commercial thrust.
• Lodha Group (Macrotech Developers): India's largest listed residential developer by sales with significant Mumbai redevelopment exposure, providing a direct read on the Mumbai redevelopment micro-market that Sattva is now entering with Rs 11,000 crore GDV.
• Embassy Group: Bengaluru-based developer and co-sponsor of Embassy REIT (India's first listed REIT) with deep GCC occupier relationships; structurally comparable to Sattva on the office/REIT/GCC axis and a natural commercial-portfolio benchmark.
• Oberoi Realty: Mumbai-focused premium residential and commercial developer; directly comparable to Sattva's Mumbai redevelopment strategy and provides a margin benchmark for high-end Mumbai residential supply.
• Phoenix Mills Limited: Mixed-use retail-led developer with growing residential and office exposure; comparable to Sattva on the mixed-use, hospitality-adjacent, large-format integrated development model, particularly the Visakhapatnam and Bengaluru large-format plays.

Broad incumbents

• DLF Limited: India's largest and most diversified real estate developer with a national residential, commercial, and retail portfolio and a listed REIT (DLF REIT); a broad incumbent benchmark for Sattva's scale and asset-class breadth.
• RMZ Corp: Large privately held commercial real estate owner-operator with significant Bengaluru office stock and GCC occupier exposure; comparable to Sattva on commercial leasing economics and KRT portfolio composition.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/SattvaGroup
• YouTubeyoutube.com/user/SalarpuriaSattva
• Facebookfacebook.com/sattvagroup
• LinkedInlinkedin.com/company/sattva-group
• Instagraminstagram.com/sattvagroupindia/?hl=en

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments12 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sattva Group