sia's Real Estate market is currently in a highly favourable situation. The region's economic growth and growing population have propelled 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 is a big tail wind to the real estate sector.
A slow and steady rise, right to the top
The Sattva group is one of the most well-known construction companies in India and across Asia, supported by a diverse portfolio. Its headquarters is in Bengaluru, and it has a strong presence in Hyderabad, Coimbatore, Goa, Kolkata, Pune, and Mumbai. The Group has an "A Stable" plus rating from CRISIL, a top financial rating amongst Indian realtors since 2010, and this is an achievement that it is proud of. With 66 million sq ft completed and more than 40 million sq ft feet in the planning and development stage, the company is one of the most trusted and diversified developers today, having a towering 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 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 an "Extraordinaire Brand." And Bijay Agarwal was named as “Global Indian of the Year” by Asia One magazine.
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 flexioffice space player Simpliwork, in Bengaluru. With a growing demand for flexi-spaces by corporates, the company has added close to about 4 million sq ft in the last two years. In April 2019, the group also acquired ownership in the Bengaluru based company ‘Colive’ 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 in 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 the Café Coffee Day enterprises. The Group’s relationship with global private equity firms like Blackstone and Apollo, is 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 expand in Chennai and Hyderabad. Real estate players are considering taking advantage of the possibility to establish a distinct market for data centres as the demand for
them has increased in the country, due to rising digital consumption and more stringent policies around data security.
Taking the Hyderabad market by storm
With a portfolio of more than 25 million square feet in the city of Hyderabad today, Sattva is the dominant player in South India. One of Asia's largest and most cutting-edge IT complexes, Sattva Knowledge City in Hyderabad, is a well-designed property of 11 million square feet, spread across 30 acres, with 5 mega buildings and a leasable area of more than 7 million square feet. Global heavyweights like Apple, Goldman Sachs, JP Morgan Chase, Intel, Oracle, Synchrony Financial, Microsoft, EPAM, Xilinx, and KPMG are among the tenants of this prodigal project. The project is one of the largest IGBC-certified, platinum-rated green buildings in the nation. This cutting-edge park is built to support a productive and balanced work life.
The entire ground floor areas of all the towers have been used to form a retail and F&B Hub that offers the ideal balance of work and leisure. Other outstanding IT Parks include Sattva Knowledge Park built on 5 million sq ft, and Sattva Knowledge Capital comprising of 3.6 million sq ft in the Financial District. These mega projects are also the headquarters of eminent global majors. The Sattva group plans to transform the commercial real estate market by constructing the IMAGE (Innovation in Animation, Multimedia, Gaming, and Entertainment) Tower in Hyderabad, a one-of-a-kind facility for animation, gaming, and visual effects. The idea is that IMAGE Tower will evolve into the new age Charminar. The Sattva Group is constructing the IMAGE Tower in partnership with the Telangana government.
The commercial property is anticipated to be operational by the year 2024. It is being constructed along Hyderabad's HITEC city's IT corridor and offers a sizable area of 2.8 million sq ft. IMAGE Tower will be fully equipped with worldclass infrastructure and state-of-the-art amenities to be the backbone of the growing AVGC industry that supports 30,000 employees in the city. This centre of excellence will provide an ideal environment with plug and play spaces, state-of-the-art built-up office space at subsidized rates for first generation technocrat entrepreneurs, as well as small and medium enterprises engaged in the sector. The tower will be a key growth engine for tech exports and employment generation.
Expanding to greater geographies
Projects in Pune and Mumbai are part of Sattva's strategy to increase its presence in northern India. The Group is pursuing diversification with the intent of becoming a recognized global brand. It is also expanding into hospitality in a big way and other exciting new verticals are on the anvil.
Built on the legacy of trust
With its well-designed and enduring commitment to sustainable green buildings of the future, this Bengalurubased 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 in 2003, when Bengaluru underwent a technological boom that completely transformed the city. The company set up the remarkable 1.5 million square foot GR Tech Park in the same year, under Bijay Agarwal's direction. His 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.” 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 one must never overleverage. His steadfast ideology of employee retention and staying loyal to his core team of directors who have been his mainstay for over 3 decades, is his greatest asset.
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
The Future ‘Blueprint’
The Sattva Group plans to set up a new Taj resort in Bengaluru in a tie-up with Indian Hotels company ( IHCL). This development project will also feature branded villas as part of the complex in the second phase. More hotel projects in Bengaluru and Hyderabad are also in the pipeline. The Group is also making its mark in North Bengaluru. On the anvil are plans to set up a mega 60 acre IT Park in North Bengaluru. It plans to set up over 25 million sq ft of commercial space in Bangalore alone, in the next few years, reiterating its position as a leading real estate player in the IT capital. Cutting-edge residential projectslike Sattva Aeropolis, close to the international airport and several more residential projects, will add to its ever-growing portfolio. The Group is looking at developing logistics parks and data centres across major cities in India. Bengaluru being its headquarters, it has already started here and will expand to other cities in South India in the first phase. It has plans to build a large portfolio of assets in the warehousing space. With diversification as the name of the game, the Sattva Group is well on the road to even greater success.
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