Sattva Group Unveils ₹1,500 Crore Mixed-Use Township Project in Visakhapatnam's Prime Madhurawada Location

Visakhapatnam, July 10, 2025 - Leading real estate developer Sattva Group announced its plans to invest ₹1,500 crore in developing a comprehensive 30-acre mixed-use project in Visakhapatnam. The company revealed that this development would feature a strategic combination of residential, commercial, retail, and hospitality components, further establishing the coastal city's position as an emerging urban center on India's eastern coastline.

Strategic Location in Growing Madhurawada

The ambitious project will be situated in Madhurawada, a rapidly developing neighborhood strategically positioned near the proposed Bhogapuram International Airport and the established IT-SEZ corridor. Industry experts note that the development aims to address the city's increasing demand for integrated urban spaces in India's top real estate hotspots, driven by ongoing infrastructure improvements and state-supported industrial expansion.

Comprehensive Development with Modern Amenities

According to company officials, Sattva Group plans to incorporate contemporary, sustainable design principles throughout the project. The development will feature world-class amenities across multiple components including residential towers, high-street retail zones, business spaces, and serviced apartments or hotel facilities. The project is expected to be executed in multiple phases over the coming years, potentially generating substantial employment opportunities and economic activity in the region.

This investment approach aligns with the current trend of global investors pouring billions into Indian real estate, reflecting the sector's robust growth prospects.

Strategic Market Entry and State Vision Alignment

This significant investment represents Sattva Group's inaugural entry into Andhra Pradesh's coastal real estate market. The development strategy reportedly aligns with the state government's broader vision of transforming Visakhapatnam into a globally recognized business and lifestyle destination. Similar to other major real estate projects across India, this initiative reflects the growing trend of developers focusing on emerging Andhra Pradesh real estate markets with strong growth potential.

The announcement comes at a time when the Indian real estate sector continues to attract significant investments, with industry reports indicating robust growth across multiple segments and geographic regions.

Disclaimer: This news article is based on publicly available information and company announcements. While we strive for accuracy, readers are advised to verify details independently and consult with relevant authorities or the company directly for the most current and comprehensive information. Real estate investments carry inherent risks, and potential investors should conduct thorough due diligence before making any investment decisions.