Ashwin Sheth Group Acquires 50% Stake in One Marina: A Major Move in South Mumbai Real Estate
Mumbai-based real estate developer Ashwin Sheth Group has acquired a 50% stake in the Rs 23 billion luxury residential project, One Marina, marking a significant investment in South Mumbai's luxury housing market.
Real EstateLuxury HousingSouth MumbaiAshwin Sheth GroupOne MarinaReal Estate MumbaiJun 17, 2025
The One Marina project is strategically located in Marine Lines, a prime area known for its affluent residents and thriving business district. The project is set to feature a 60-story residential tower, offering luxurious living spaces with unparalleled views of the Arabian Sea and the city skyline. The development is expected to set new standards in luxury housing, with state-of-the-art amenities and sustainable design features.
Ashwin Sheth Group, known for its innovative and customer-centric approach, aims to leverage this investment to enhance its portfolio and cater to the growing demand for luxury properties in Mumbai. The group has a strong track record of successful projects and a reputation for delivering high-quality, sustainable developments. This acquisition aligns with their vision of creating iconic landmarks that redefine the urban landscape.
The remaining 50% stake in One Marina is held by PAG Singapore, a leading private equity firm with a significant presence in the Asian real estate market. The partnership between Ashwin Sheth Group and PAG Singapore is expected to bring together the best of local expertise and international investment, ensuring the project's success and long-term value appreciation.
Speaking on the acquisition, Ashwin Sheth, Chairman of Ashwin Sheth Group, said, 'We are excited to partner with PAG Singapore on this landmark project. One Marina represents a unique opportunity to create a world-class residential development that will stand as a testament to our commitment to excellence and innovation. We are confident that this project will set new benchmarks in luxury living and contribute to the vibrant real estate ecosystem of South Mumbai.'
The One Marina project is expected to be completed in the next three to four years, with construction already underway. The development will include a mix of residential units, ranging from spacious apartments to penthouses, each designed to offer a luxurious and comfortable living experience. The project will also feature a range of premium amenities, including a rooftop infinity pool, a sky lounge, a fitness center, and landscaped gardens, ensuring that residents enjoy a lifestyle of the highest standards.
The acquisition of One Marina is a significant milestone for Ashwin Sheth Group, reflecting its strategic focus on high-growth markets and its ability to secure prime real estate assets. As the real estate market in Mumbai continues to evolve, the group is well-positioned to capitalize on emerging opportunities and deliver exceptional value to its stakeholders.
With this investment, Ashwin Sheth Group is poised to strengthen its position as a leading developer in the luxury real estate segment, contributing to the city's development and enhancing the quality of life for its residents. The One Marina project is set to become a landmark development, attracting investors and homebuyers looking for the ultimate luxury living experience in South Mumbai.
Frequently Asked Questions
What is the total value of the One Marina project?
The total value of the One Marina project is Rs 23 billion (USD 275 million).
Where is the One Marina project located?
The One Marina project is located in Marine Lines, South Mumbai.
Who are the stakeholders in the One Marina project?
Ashwin Sheth Group and PAG Singapore are the stakeholders in the One Marina project, each holding a 50% stake.
What amenities will be included in the One Marina project?
The One Marina project will feature a range of premium amenities, including a rooftop infinity pool, a sky lounge, a fitness center, and landscaped gardens.
When is the One Marina project expected to be completed?
The One Marina project is expected to be completed in the next three to four years.
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