Sattva Group
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.
- Company typePrivate
- Founded1993
- HeadquartersBangalore, India
- Headcount251–500
- GTM typeB2B and B2C
- OfferingServices
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.
Sattva Group firmographics
Firmographics- 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
Sattva Group industry classification
Industry- 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
Where Sattva Group is headquartered
LocationHeadquarters
- HQ city
- Bangalore
- HQ country
- India
- HQ region
- Asia
Offices7 records
Markets served
Sattva Group business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Operations, Supply Chain, Personnel, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- 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.
- 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.
- 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.
- 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.
- 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.
- 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
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | Sattva Vasanta Cove - Studio and 1 BHK apartments starting from Rs 5.4 million |
Go-to-market motion4 records
Distribution channels5 records
Marketing channels6 records
Sattva Group product offering
Product offeringCore 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
Companies that use Sattva Group
Customer profileNamed customers5 records
Segments5 records
Ideal customer profiles4 records
Sattva Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Sattva Group partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core.
- rePurpose GlobalcorePartnership 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 TrustcoreSattva 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.
- InnovaluscoreSattva 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.
- ColivecoreColive 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
Sattva Group competitors and assessment
Company assessmentDirect 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
Sattva Group social profiles
Digital presenceSattva Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
Sattva Group leadership team
Management profileNumber of profiles
Profiles2 records
Sattva Group subsidiaries and ownership
Company hierarchySubsidiaries3 records
Sattva Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Sattva Group M&A and investment
M&A and investmentM&A
Investments12 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Sattva Group
What does Sattva Group do?
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.
Is Sattva Group a public or private company?
Sattva Group is a private company. It is classified as family owned and is currently operating.
When was Sattva Group founded?
Sattva Group was founded in 1993. It employs 251 to 500 people.
Where is Sattva Group based?
Sattva Group is headquartered in Bangalore, India, in the Asia region.
How does Sattva Group make money?
Six revenue lines are on record. Residential Property Sales are the primary driver. The others are commercial Office Leasing, hospitality Operations, REIT Distributions, co-Living Platform and data Centre Operations.
Who are Sattva Group's main competitors?
Direct peers on record are Prestige Group, Brigade Enterprises, Sobha Limited, Godrej Properties, Lodha Group (Macrotech Developers), Embassy Group, Oberoi Realty and Phoenix Mills Limited. Broad incumbents are DLF Limited and RMZ Corp.
Does Sattva Group have an API?
No public API is recorded for Sattva Group.
What industry is Sattva Group in?
Sattva Group's product category is Real Estate Development. Its primary akta.pro industry code is BPAJAJAB, Off-Campus Purpose-Built Student Housing (PBSA) Management. Its NAICS code is 2372 and its SIC code is 6532.