Sattva Group to Invest ₹1,500 Crore in Large Vizag Mixed-Use Development

Sattva Group will invest ₹1,500 crore in a 30-acre mixed-use development in Visakhapatnam, Andhra Pradesh. The project will be called ‘Sattva Vantage Vizag Campus’. The reports follow a meeting with Andhra Pradesh’s IT and Electronics Minister, Nara Lokesh.

The project will include a combination of office spaces, residential areas, and supporting urban infrastructure. It is being planned as a large-scale campus designed to meet modern development standards.

The Vizag campus is expected to create over 25,000 direct jobs once operational. Sattva Group is also developing another integrated township in Andhra Pradesh.

Sattva’s Expansion Plans

Separately, the company has shared plans to invest ₹800 crore in Goa over the next 2 years. This is aimed at scaling its presence in the coastal state’s real estate sector. As per news reports, Sattva has completed 74 million sq. ft. of real estate development over the past three decades. An additional 75 million sq. ft. is currently in various stages of planning and construction.

While based in Bengaluru, the company has expanded operations to cities like Pune, Goa, and Kolkata. It also plans to enter the Mumbai market in the coming months.

Apart from residential and commercial real estate, Sattva is active in co-working, co-living, warehousing, data centres, hospitality, and education. These segments are being developed in parallel with its core projects.

IPO Plan through REIT

In March, Sattva Group and Knowledge Realty Trust, backed by Blackstone, filed a DRHP to raise ₹6,200 crore via a REIT public issue. The issue includes 30 office assets located across major Indian cities.

Read more: Blackstone-Sattva JV Firm Files Draft For ₹6,200 Crore REIT IPO!

Conclusion

With the Vizag campus, Sattva Group continues to scale its operations beyond South India. The project joins a pipeline of developments currently in progress across key regions.

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