Swastik Group

What Swastik Group does

Swastik Group – Builders & Developers is a Mumbai-based privately held real estate developer founded in 2000, operating across residential, commercial, and redevelopment segments. The company has delivered over 1 million square feet across Mumbai MMR, Nashik, Talegaon, and Shirdi, with a portfolio of 20+ completed projects and 7+ ongoing projects concentrated in the eastern Mumbai micro-markets of Vikhroli, Chembur, Ghatkopar, and Mulund. Its active residential pipeline spans configurations from 1 BHK to 3 BHK across projects including Swastik Legacy, Platinum, Pearl, Onyx, Divine, Avighna, Elegance, Tulip, and Coral, with possession dates ranging from December 2024 through April 2027. Commercial inventory consists of three business parks — Goldcrest Business Park, Signature Business Park, and Sapphire Business Annexe — offering office spaces from approximately 241 sqft to 6,324 sqft.

The company's core technology centers on conventional real estate construction practices including earthquake-resistant structural engineering, modernistic architectural design, vitrified flooring, granite kitchen platforms, concealed copper wiring, fire-fighting systems, automatic high-speed elevators, and specialized solutions such as puzzle parking systems. All active projects are registered under MahaRERA (Maharashtra Real Estate Regulatory Authority) with disclosed registration numbers, and select projects hold Environment Clearance Certificates with periodic compliance reporting, providing regulatory transparency to buyers. The company also operates a redevelopment vertical servicing housing societies seeking to upgrade aging premises.

Swastik Group's business model is built on one-time property sales revenue across residential apartments, commercial office spaces, and redevelopment fee/turnover structures. Go-to-market is direct-to-consumer via company-owned sales offices, on-site sales teams at project locations, the corporate website, phone inquiries, and email — with no third-party broker or reseller channels. Customer segments include individual homebuyers (primary), commercial space buyers, NRI investors with repatriation support, and housing societies for redevelopment projects. Pricing is quote-based and not publicly disclosed. The company is privately held with no disclosed parent, institutional investors, or external funding rounds, and headcount is not disclosed in available data.

Name

Swastik Group

Legal name

Swastik Group – Builders & Developers

Website

https://swastikdevelopers.in

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

1–10 employees

Short description

Swastik Group is a Mumbai-based privately held real estate developer founded in 2000, delivering residential apartments, commercial business parks, and housing society redevelopment projects across Mumbai MMR and select Maharashtra cities for individual homebuyers, commercial tenants, NRIs, and housing societies.

Ownership category

akta.pro rank

Product category

Residential Real Estate Development

NAICS

New Housing For-Sale Builders (236117)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), General Bldg Contractors - Residential Bldgs (1520), Operative Builders (1531)

akta.pro primary industry

Office & Corporate Building Construction (IMAFACAA)

Keywords

• Residential apartments
• Commercial real estate
• Housing redevelopment
• Real estate construction
• Property development

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Residential Property Sales: Sale of residential apartments (1 BHK, 2 BHK, 3 BHK configurations) across multiple projects in Mumbai MMR. Revenue is generated through one-time property sales with possession-based payment structure.
2. Commercial Property Sales: Sale of commercial office spaces in business parks (Goldcrest Business Park, Signature Business Park, Sapphire Business Annexe) ranging from 241 sqft to 6324 sqft.
3. Redevelopment Services: Building redevelopment services for housing societies, including construction of new buildings and handing over ownership back to society members.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Swastik Group is a Mumbai-based real estate developer that constructs and sells residential apartments (1, 2, and 3 BHK configurations) and commercial office spaces in business parks across Mumbai MMR, Nashik, Talegaon, and Shirdi. The company also provides building redevelopment services for housing societies seeking to upgrade their premises into modern structures. With over 25 years of experience, the company has delivered 1M+ square feet across 20+ completed projects, with a focus on modernistic architecture, earthquake-resistant construction, and premium amenities.

Product overview

Swastik Group is a Mumbai-based real estate developer offering a portfolio of residential and commercial properties across the Mumbai Metropolitan Region. Their product portfolio consists of ongoing residential projects (Swastik Legacy, Swastik Platinum, Swastik Pearl, Swastik Onyx, Swastik Divine, Swastik Avighna, Swastik Elegance, Swastik Tulip, Swastik Coral) and completed projects (Swastik Sapphire, Swastik Emerald, Swastik Aaradhya), alongside commercial business parks (Goldcrest Business Park, Signature Business Park, Sapphire Business Annexe). The company also offers redevelopment services for buildings seeking transformation. All projects are registered under MahaRERA for regulatory compliance.

Differentiator

Problem solved

Functional benefit

Products and services

• Swastik Legacy

Quantifiable outcome

• Successfully delivered 1M+ sq ft across Mumbai MMR, Nashik, Talegaon, and Shirdi
• +2 more outcomes

Named customers4 records

Segments4 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

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Puranik Builders: Mumbai and Pune-based mid-tier residential developer with comparable project portfolio scale and product positioning. Operates in similar micro-markets and competes for the same mid-premium homebuyer segment with similar possession-based payment structures.
• Kumar Properties: Mid-tier real estate developer with significant presence in Mumbai and Pune residential markets. Comparable scale and product offering (1, 2, 3 BHK apartments) with similar geographic diversification strategy extending beyond core Mumbai market.
• Rustomjee Group: Mumbai-based mid-tier developer specializing in residential apartments and townships across similar eastern and central Mumbai micro-markets (Chembur, Vikhroli area). Closest direct competitor to Swastik by scale, product mix, and geographic focus.
• Marathon Group: Mumbai-focused real estate developer with both residential and commercial projects in similar micro-markets (Mulund, lower Parel area). Directly comparable product mix spanning residential apartments and commercial office spaces, with similar mid-tier positioning.
• Wadhwa Group: Mumbai-based real estate developer with residential projects across multiple MMR micro-markets. Comparable scale, product positioning, and target customer segments (middle-class to upper-middle-class homebuyers) with active project pipeline.

Broad incumbents

• Shapoorji Pallonji Real Estate: Mumbai-focused developer under the Shapoorji Pallonji Group with residential and commercial projects across the city. Competes in similar micro-markets and offers comparable mid-premium residential configurations, with stronger group-level execution capabilities.
• Hiranandani Group: Established Mumbai real estate developer with residential townships and commercial developments across the Mumbai region. Competes in the same premium residential and commercial office segments as Swastik, with strong brand recognition among NRI buyers.
• Oberoi Realty: Premium Mumbai-based real estate developer with residential and commercial projects in similar micro-markets (Chembur, Mulund area). Operates in the same luxury/mid-premium segment as Swastik's Platinum, Elegance, and Divine projects, with stronger brand positioning in commercial office space.
• Lodha Group (Macrotech Developers): India's largest listed residential real estate developer with dominant Mumbai presence across multiple micro-markets including Vikhroli, Chembur, and Ghatkopar where Swastik operates. Directly comparable product offering (1, 2, 3 BHK apartments) but at vastly larger scale and with public-market capital access.
• Godrej Properties: Pan-India listed residential developer with significant Mumbai MMR presence and active project pipeline across Vikhroli, Chembur, and surrounding micro-markets. Competes directly with Swastik in the mid-premium BHK segment and benefits from Godrej group brand backing.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

• Facebookfacebook.com/swastikpropertiesofficial
• LinkedInlinkedin.com/company/swastik-properties---india

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Swastik Group