Sattva group signals IPO readiness, to enter new domestic markets

Bengaluru-based real estate developer Sattva group is sharpening its expansion strategy across key Indian markets while keeping the door open for a potential public listing at a group level, as it scales up across residential, commercial, hospitality and alternative asset platforms.

- ANEEKA CHATTERJEE

“We are structurally ready. If the business requires it, we can go public within six months,” Bijay Agarwal, managing director, Sattva Group, told Business Standard, adding that the company is already AA-rated and professionally managed.

“According to the time and requirements of the business plan, we are open.”

The group, which has a development portfolio of around 70-75 million square feet across completed, under-construction and planned projects, is stepping up activity beyond its core southern markets.

While Bengaluru continues to anchor growth, Sattva is preparing to expand further in Maharashtra with Mumbai after Pune.