Ashwin Sheth Group

Mumbai’s real estate market is poised for a fresh wave of upscale development as Ashwin Sheth Group announces a landmark residential project with a projected investment of Rs. 3,800 crore. Strategically located on the city’s “Golden Mile” in the prime stretch of Ghodbunder Road, the high-end development spans nearly 52 acres and promises to deliver over 6 million square feet of luxurious living space.

Mumbai-based real estate developer Ashwin Sheth Group has acquired a 50% stake in the upscale residential redevelopment project ‘One Marina’ located on Marine Drive, and has raised Rs. 540 crore in funding from Singapore-headquartered investment firm PAG. The project, with an estimated revenue potential of Rs. 2,300 crore and a saleable area of 10 lakh square feet, marks a major push by Ashwin Sheth Group into South Mumbai’s premium real estate market.