Panaji — Bengaluru-headquartered real estate firm Sattva Group has announced plans to invest ₹800 crore in Goa’s property market over the next two years. The move marks a significant step in the company’s strategy to expand into India’s high-growth regions and tap into rising demand for residential and lifestyle properties in Goa.
Goa has seen a surge in real estate activity in recent years, driven by improved infrastructure, better connectivity with major Indian cities, and growing interest from both domestic buyers and Non-Resident Indians (NRIs). Sattva Group’s Managing Director, Bijay Agarwal, highlighted that NRIs, in particular, are showing keen interest in Goa as a destination for second homes and investment properties.
Sattva’s debut in Goa began with a premium residential development named Sattva Water’s Edge, situated near Dabolim Airport. The first phase focused on land development and infrastructure. In the second phase, the company has launched 10 luxury villas and 24 boutique apartments. The success of this project has encouraged the group to deepen its presence in the region.
Also read, Prestige Group to Build 15-Kilometre Private Flyover in Bellandur, Bengaluru
As part of the ₹800 crore expansion plan, Sattva is set to launch a new gated community that will feature premium residential plots. This project is expected to cater to affluent buyers looking for exclusivity and high-end living experiences. In addition to this, the group has plans for more housing developments in Goa over the next couple of years.
According to data from PropEquity, Goa’s residential property market is witnessing healthy growth. In 2024, a total of 3,585 residential units were sold, a 5% increase over the previous year. More significantly, the total value of sales reached ₹5,726 crore in 2024, representing a 32% year-on-year growth. These trends indicate a strong and expanding market that is attracting top-tier developers.
Sattva Group, with over 74 million square feet of completed projects and another 75 million square feet under development, has a well-established presence in South India. The company is now actively expanding into new markets such as Pune, Kolkata, Mumbai, and Goa. Its diversified business interests include commercial real estate, co-working and co-living spaces, data centers, warehousing, education, and hospitality.
In a further sign of its ambitions, Sattva Group has partnered with global investment firm Blackstone through the Knowledge Realty Trust (KRT) and filed for a ₹6,200 crore Real Estate Investment Trust (REIT) in March 2025. The REIT, once listed, will monetise 30 high-quality office assets and solidify the group’s position in India’s commercial real estate space.
The group’s investment in Goa is both strategic and timely, as demand for high-quality, well-planned communities continues to grow. With a reputation for delivering large-scale, high-quality developments, Sattva is well-positioned to cater to this demand and establish itself as a major player in Goa’s premium real estate segment.
Also read, Karnataka Government Plans Major Overhaul of Apartment Ownership Laws
As Sattva moves ahead with its ₹800 crore investment plan, the real estate market in Goa is likely to witness further transformation, especially with the entry of other national developers seeking similar opportunities. The coming years could redefine Goa’s urban landscape while offering significant returns to investors and stakeholders alike.