SalarpuriaSattva
Building a Better Tomorrow
From graceful residences to colossal commercial spaces, IT parks, high rises and swank shopping malls, the Salarpuria Sattva brand is a familiar sight in the metropolises of India shaping India's mercurial rise in the world's urban landscape.
Founded in 1986, the Salarpuria Sattva Group has grown into one of the most trusted builders in the country today. It has a formidable presence in Bangalore, where it is headquartered; it is a well-known name too in Kolkata, Pune, Jaipur, Vizag, Hyderabad and Chennai. The Group has plans to venture into more cities in the near future.
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Mr. Bijay Agarwal, the Managing Director is the man behind the phenomenal growth story of the Salarpuria Sattva Group. With his vision, the group has reached great heights over the last three decades. He is a creative thinker and an astute businessman whose vision for the real estate and development sector goes beyond commercial gains to a genuine contribution to "Building new India with a commitment to sustainable development".
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Reminiscing the growth of the group, Mr. Agarwal states, "The 90's was the time when world economies were opening up and becoming more globalized, with MNC's making their presence felt in India. Only few developers like the Salarpuria Sattva Group had the capacity and capability to provide international standards to such discerning customers. The changing scenario helped us to approach Construction and Development with innovative, futuristic ideas and maintain the highest international standards creating new benchmarks for construction in India."
The Group is one of the earliest builders to transform the skyline of Bangalore, providing residential homes, IT Parks, Retail and Corporate office spaces, paving the way for international business to set up shop. A reason why, in Bangalore, the Salarpuria Sattva brand is a highly visible and 'preferred brand'.
With 15 million sq.ft spaces completed and 30 million more in stages of development and planning, the Group is one of the premium builders of India today. The Group's unwavering adherence to quality has given it the "trusted" tag among builders in the country.
In all the ventures, the group is committed to sustainable development - and take very stringent measures to protect the environment. The group has uncompromising business standards and believe in transparency in all spheres of business conduct.
Quality Standards
The Salarpuria Sattva Group has always strived to set the highest quality standards. With its customer centric approach coupled with ability to adopt robust and advanced engineering technologies, it has evolved with a high commitment to the environment and uncompromising business ethics. People come first in this enterprise. It has timeless values and transparency in all spheres of business conduct.
Awards & Recognition
CRISIL-a global analytical company providing Ratings, Research and Risk & Policy Advisory services has given an "A" rating to the Salarpuria Sattva Brand which is the highest rating for the real estate sector in the country today. Only one other brand name shares such a superior recognition in the country today. The group has also won prestigious awards including-The CNBC- AWAAZ- CRISIL- CREDAI Real Estate Awards for the best commercial and residential projects in India.
Growth of Residential Sector
The group has stamped its mark in Residential and Commercial. When asked Mr. Agarwal about the growth of these sectors he says, "Earlier, we focused on commercial sector. But at present, we see a huge potential in the residential sector. So, with this development, we have shifted our focus to residential segment. To be precise, our residential portfolio is 70% and commercial is 30%."
He further adds, "Bangalore is a stable market for residential sector because the real consumers are coming forward to buy property. So, this has lead to a gradual hike in the price. Every year, we see a constant growth of 15% - 20% in sales and price of the properties. Overall, we have 15 million sq.ft of area which is under construction and up to 16 million sq.ft in various stages of planning and development in different cities in India."
Multi -Diversified Group
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The Group has added to its plans Special Economic Zone Development, Infrastructure, Township Development, Facilities Management and Aero Accessories Business. In the last couple of years, it has taken a giant step in Education - The Greenwood High International School is a premium educational institution based in Bangalore and the Group is replicating this education format in places where there is a need. The Group has also ventured into Warehousing and Logistics.
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Foreign Direct Investment in Retail
With the recent entry of FDI into the retail sector, Mr. Agarwal feels that it is a positive move for the real estate industry. He also observes that the pros and cons of the policy could only be analysed in the coming years. At present, there is lack of clarity in the policy. He expects more transparency with the coming budget session.
Impediments in Real Estate Industry
According to Mr. Agarwal, the present scenario of the realty sector is good for the organised player. He says, "The unorganised developer will encounter challenges with new norms and policies being introduced. It is important for the construction industry to become more streamlined in their operations, have systems in place and be transparent in their dealings and functioning. It is challenging, but I feel, it is worth it. It might take some time, but once systems are in place the business is set for the long term with no other obstacles. A system driven approach will get the business organised at all levels."
Launch of Necklace Pride - Hyderabad
Hyderabad has a new pride- Salarpuria Sattva's Necklace Pride. Necklace Pride is an 8.5 acre magical residential community which is being built on the less explored side of Tank Bund. It offers 2, 3 and 4BHK stylish apartments spread across 5 imposing towers of 14 floors each with a state- of- the- art clubhouse.
Speaking about the project, Mr. Agarwal says, "Not many have felt the need to invest in central Hyderabad, perhaps because of the seemingly increasing congestion. But, we see this as an opportunity to redesign, enhance and introduce value to this heritage city. We also feel that Hyderabad has the best infrastructure in the country to facilitate such development. This encourages us to have a meticulous plan for the short term as well as the long term. We see tremendous potential in other cities in Andhra Pradesh too - presently plans are on for a 55 acre Mixed - use development in Vizag."
Upcoming Projects
Gold Summit – Bangalore
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This high-rise wonder scales up to 33 floors, towering over many a home in terms of comfort and luxury. The area is spread across 4 acres and ranges between 2031 sq.ft to 2365 sq.ft. The specifications are top-class, but primarily this home supplies you with everything that Mother Nature has to offer - the space, the views, the fresh air and the light. It's a location that's perfect in more ways than one, located on Hennur Road.
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Greenage – Bangalore
Located near the upcoming elevated Hosur highway and spread across 21 acres. Greenage has been conceived as a private, gate urban community. It has been designed and conceptualised to put everything within the reach. Community facilities have been provided to create a neighbourhood that meets the daily needs of residents besides providing venues and activities for all age groups. Some of these include a Club House, Tea Garden, a Townhall and a 2 screen movie theatre, apart from various other world-class amenities.
Luxuria - Bangalore
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A well planned gated development has been designed to enhance community living, but within the heart of the thriving city. Well-appointed apartments of international standards, boasts of premium amenities and finishes. Lavish outdoor and indoor spaces, parks, sports facilities and shopping centres, all a short walk away, completing the living experience at Luxuria to its helm and satisfaction.
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Spread over 4 acres of pristine land, Luxuria is one of the very few projects in and around Bangalore that gives amenities and facilities at par with international quality. It nestles in Malleshwaram, one of Bangalore's most sought after residential areas.
Magnificia - Bangalore
Magnificia offers a fine selection of 3 bedroom apartments to suit individual taste and budget. It is located on Old Madras Road. It is spread across 6.5 acres with ground plus 23 floors. Large open spaces, abundant greenery, use of natural light, efficient management of space and magnificent views of the surrounding greenery is what puts Magnificia in 'a class of its own'.
Box Material
Bijay Agarwal, Managing Director – Sattva Group
Mr. Bijay Agarwal came to Bangalore from Kolkata in the early 90's to set up business with very little experience, yet positioned himself to take on any challenge. His foray into real estate development was mentored by the Late GD Salarpuria, the founding father of the business. Right from the outset, Mr. Agarwal had a clear vision of the scope that existed- to create game-changing standards for the industry.
His innovative ideas and keen business sense helped him make wise decisions in real estate investments. Being in the right place at the right time and taking the right decisions has helped him to create the Salarpuria Sattva brand.
With almost two and a half decades of real estate development behind him, Mr. Agarwal is a force to draw inspiration from. A people focused person, he has built a company with "trust" as its firm foundation.
A man with a sound sense of business, Mr. Agarwal has expanded his portfolio to other sectors that include Education, Aerospace, Logistics, Hospitality and recently into E-Technology.