Sattva Group targets 85 pc growth in housing sales to Rs 6,500 cr this fiscal: MD Bijay Agarwal
Sattva Group is bullish on India's housing market and will launch many projects to achieve 85 per cent growth in sales of residential properties to around Rs 6,500 crore this fiscal, a top company official said. In the 2023-24, Bengaluru-based Sattva Group achieved sales bookings of Rs 3,500 crore.
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«We are very bullish on housing demand. We are targeting to achieve sales of Rs 6,000-6,500 crore this financial year,» Sattva Group MD Bijay Agarwal said.
He said the company would invest Rs 12,000-14,000 crore over the next three years to build housing, office and hotel projects.
The bulk of the investments would be to develop housing projects and office complexes.
Sattva Group is one of the leading real estate developers in India with a significant presence in South India.
It has completed 140 projects comprising 80 million square feet area in the last 30 years. Around 23 million square feet are under construction, and 65 million square feet are in the pipeline.
Agarwal noted that the demand for the residential segment has been very strong post-COVID pandemic, while the leasing activities in the office market are also back on track.
He said the company would enter the Mumbai housing market this year.
Shivam Agarwal, VP (Strategic Development) of Sattva Group, said the company is looking for growth opportunities across geography and different verticals of real
