Bengaluru-based Sattva Group to invest Rs 1,500 crore to develop 30-acre mixed-use project in Vizag

Bengaluru-based Sattva Group to invest Rs 1,500 crore to develop 30-acre mixed-use project in Vizag

Bengaluru-based real estate developer Sattva Group will invest Rs 1,500 crore to develop a 30-acre mixed-use project in Visakhapatnam in Andhra Pradesh.

The project will be named ‘Sattva Vantage Vizag Campus’ and the development will offer a combination of Grade A office spaces, premium residential units, and integrated urban infrastructure, with a focus on sustainability and smart living, the company said.

Once operational, the campus is expected to generate over 25,000 direct employment opportunities, catalysing Vizag's socio-economic transformation.

The announcement comes after a meeting between Sattva Group and Andhra Pradesh’s Minister for Information Technology, Electronics and Communications, Nara Lokesh, on July 8.

The company said that the initiative reaffirms Sattva's dedication to building vibrant communities and creating destinations that reflect innovation, quality, and future-readiness.

“The Vizag campus will be a cornerstone in shaping the city's rise as a national centre for technology, talent, and inclusive growth. Sattva Group is honoured to contribute to Andhra Pradesh's growth story and is confident that this partnership will unlock new frontiers of development and opportunity in the state.

Market observers said that Andhra Pradesh is emerging as a frontrunner for the next wave of investments, especially in Tier 2 cities like Visakhapatnam (Vizag). With its robust infrastructure, skilled talent pool, competitive policies, the state is fast emerging as a hub for Global Capability Centers (GCCs), IT / ITeS companies, and innovation-driven enterprises.

Sattva Group was established in 1986 in Bengaluru. The company has presence in Hyderabad, Kolkata, Pune, Coimbatore and Goa. The Group will soon be expanding its presence in Mumbai. The company has so far developed 74 million square feet of space through various category of projects.