Real Estate development company Sattva Group has acquired an 8.5-acre land parcel in Bengaluru’s Export Promotion Industrial Park (EPIP) from a high-networth individual for approx. Rs 300 crore.

The campus has a fully functional operational unit with a built-up area of 1,88,000 sq. ft. and offers future development potential of up to 1.2 million sq. ft., along with a data centre of 35 MW.

Strategically located in one of Bengaluru’s prominent industrial and business hubs, the acquisition is set to strengthen Sattva Group’s presence in the city’s booming commercial real estate market. 

The location, coupled with the development potential, aligns with its long-term strategy to expand in Bengaluru’s growing business districts. The deal, finalised in the last quarter, underscores the continued interest of real estate developers in acquiring prime properties, particularly those with potential for future development.

Sattva Group is preparing to consolidate its office portfolio as part of its plans to list India’s largest Real Estate Investment Trust (REIT) in partnership with Blackstone. The REIT, which could include around 50 million sq. ft. of office space, is expected to position Sattva as a major player in India’s commercial real estate sector.

Sattva Group, in partnership with Blackstone, holds about 32 million sq. ft. of real estate assets, including 20 million sq. ft. of completed assets in Hyderabad and Bengaluru. It is currently in talks for a potential real estate investment trust (REIT) early next year.