Asia's real estate market is currently in a highly favourable situation. The region's economic growth and growing population are the main forces behind this expansion. Over 60% of the world's population resides in Asia, and this percentage is projected to rise in the years to come. A significant amount of demand for new residential and commercial construction will result from this increase. The economic growth of Asian nations is also generating new wealth and employment, which will increase the demand for real estate.
A slow and steady rise, right to the top
The Sattva group was established in 1993 and has since become one of the most well-known construction companies in the nation and across Asia, supported by a diverse portfolio. Its headquarters is in Bangalore, and it has a strong presence there as well as in Hyderabad, Coimbatore, Goa, Kolkata, Pune, and Mumbai. The Group's "A Stable" plus rating from CRISIL, a top financial rating amongst Indian realtors, year after year since 2010, is a feather in its cap.
With 66 million square feet completed and more than 40 million square feet in the planning and development stage, the company is one of the most trusted and diversified developers today, having a growing presence in commercial IT Parks and residential sectors, renowned for building well-designed, cutting edge spaces while changing the landscape of major Indian cities.
Bijay Agarwal, the dynamic CEO and Managing Director of the Sattva Group, is a man of tremendous foresight. Over the years, he has ventured into numerous enterprises, establishing new classes of assets to bank on. His acute insight has put him at the forefront of change. Making a foray into education in 2010 with Greenwood High International School he has ventured into multiple businesses that include hospitality, D&B solutions, data centres, warehousing, co-living, and co-working, amongst others. It is not surprising that the Group was recognised at the 2018 Brand Vision
Summit as a "Extraordinaire Brand." And Bijay Agarwal was named as “Global Indian of the Year” by Asia One magazine in 2018.
Focusing on co-working and co-living and a growing portfolio
In the last 3 years, sensing opportunities in new asset classes, Sattva group acquired ownership in the flexi-office space player Simpliwork, in Bengaluru. With a growing demand for flexi-spaces by corporates, the company has added close to about 2 million sq ft in the last year alone.
In April 2019, the group also acquired ownership in the Bengaluru based company ‘Co-live’ in the co-living space. The company now has an inventory of 15000 beds in Bengaluru, Hyderabad, Chennai and Pune and plans to expand to 22000 beds this year. With an unwavering desire to provide homes for all, Sattva Group has recently ventured into the affordable housing arena. With one project launched at Bidadi and two more in the pipeline the group is making progress in this space. Today, the residential formats of the group include luxury, premium and affordable homes, with a mix of plotted development, villas and mixed-use developments.
Building credibility with solid mergers
Just before the pandemic last March, Sattva Group and the Blackstone Group, jointly acquired a 100 acre office space, the ‘Global Village Tech Park’ (now Sattva Global City) in Bengaluru, earlier owned by Coffee Day enterprises. The Group’s relationship with global private equity firms like Blackstone and Apollo is a validation of its success as a real estate company and establishes it as one of the largest players in the business.
The Group also started its Data Centre business about 3 years ago and now has a portfolio of 140 megawatts in different stages of development. It has built 2 Data Centres, one in Mumbai and the other in Bengaluru and has plans to enter Chennai and Mumbai.
Starting small in the 90’s, today we have competed over 66 million sq feet of construction, with another 40 million sq ft, upcoming. We have also diversified into 12 business verticals, but our focus has and will always be, customer satisfaction
Built on the legacy of trust
With its well-designed and enduring commitment to sustainable green buildings of the future, this Bengaluru-based conglomerate, which is renowned for its track record of excellent construction and on-time delivery, has carved out a special position for itself in the residential and commercial arenas. Early in the 1990s, the Group established its real estate business in Bengaluru. A completely new world opened up for the group in 2003, when Bengaluru underwent a technological boom that completely transformed the city.
The business introduced the remarkable 1.5 million square foot GR Tech Park in the same year, under Bijay Agarwal's direction. The Company continued to construct a few residential projects between 2004 and 2007, but its primary focus was on creating IT parks and commercial buildings. Bijay Agarwal’s vision for the Real Estate business saw him maintain the highest standards of construction quality and delivery with marquee projects across various segments of real estate.
Says the leader “ The vision for the group has always been to do better than what we have done and deliver great value to our customers. Priding himself on an organisation that is transparent and ethical, he says “We have a vison to be a global brand with quality and innovation at the core of our business. Our mission to always deliver more than what we promise, has won us a loyal customer base, who have reposed their trust in us.” Bijay Agarwal has always believed that financial well-being, is the very core of a business, to survive in uncertain times. A man of immense foresight, he has always maintained that financial steadfastness requires course correction and must not be over-leveraged.
The Future ‘Blueprint’
Due to the 950-acre Bengaluru Aerospace Park, which will include a 250-acre Special Economic Zone (SEZ) that has drawn investments from 56 major and mid-sized enterprises, North Bengaluru is expected to expand as one of the city's fastest-growing areas. Only 20 minutes separate this fast burgeoning area from Yelhanka, Hebbal, and the Bengaluru International Airport. The Group recently unveiled Sattva Aeropolis, a housing development close to the airport. The Sattva Group has lately entered the market for inexpensive housing with the constant goal of giving homes to all classes of people.
The group is advancing in this area with one project already launched at Bidadi and two more in the works. The Group intends to put up over 15 million sq ft of commercial space in Bangalore alone in the next few years reiterating its stand as a builder of great repute in the IT capital. With diversification as the name of the game the Sattva Group is on the road to even greater success.
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