Satellite Group, a subsidiary of Group Satellite, was conceptualised as a Joint Venture Company between Sarjan Shah, Group MD and Aditya Jhaveri, a real estate and finance entrepreneur from Mumbai. The business started in September 2016 with the appointment of Aditya Jhaveri as CEO of SBPL.
The vision is to address the under-served residential and slum redevelopment projects in several prime micro markets of Mumbai – currently being served by Tier II and Tier III developers. The premise of the business is to disrupt the redevelopment market by creating the highest levels of transparency and value by applying benefits of economies of scale available to larger developers, to better serve slum dwellers/tenants/society members than the current players in this space can do.
