Sattva Expands in Bengaluru with ₹300 Crore Land Deal
Sattva Group, a leading real estate developer, has purchased an 8.5-acre property in Bengaluru’s Export Promotion Industrial Park (EPIP) for ₹300 crore. This land, a well-known site, previously housed Novo Nordisk India, a global healthcare company, for over 10 years.
The property includes 188,000 square feet of built-up space and has the potential for future development of up to 1.2 million square feet. It also features a 35 MW data center. Located in a key industrial and business hub, the acquisition boosts Sattva’s presence in Bengaluru’s growing commercial real estate market.
“This is a strategic investment for Sattva. The location and development potential fit perfectly with their plans to grow in Bengaluru,” said a person aware of the deal.
The deal, completed last quarter, highlights the strong demand for prime real estate in Bengaluru. Developers are increasingly acquiring properties like this to meet the rising need for office and business spaces.
For businesses and individuals looking to rent or lease properties in Bengaluru, platforms like EazeMyRent make it easy to find suitable options for both residential and commercial needs.
Sattva Group is also preparing to launch India’s largest Real Estate Investment Trust (REIT) in partnership with Blackstone. This REIT could include up to 50 million square feet of office space, making Sattva a major player in India’s commercial real estate market.
With EPIP being a hub for industries like IT, biotech, and manufacturing, the newly acquired campus is expected to attract top companies. “This move shows Sattva’s focus on leveraging Bengaluru’s position as a leading business destination,” said another source.
Sattva and Blackstone currently manage 32 million square feet of real estate, including projects in Bengaluru and Hyderabad. The company is also expanding into data centers, warehouses, and hospitality, with 88 million square feet under planning and development.
