Ashwin Sheth Group Secures 50% Stake in Mumbai's Prestigious One Marina Project
Mumbai-based real estate developer Ashwin Sheth Group has acquired a 50% stake in the luxury One Marina project, valued at ₹2,300 crore. Singapore-based investment firm PAG has committed ₹540 crore for the project's development.
Real EstateLuxury ProjectAshwin Sheth GroupOne MarinaPagReal Estate NewsJun 11, 2025
One Marina is strategically located in Marine Lines, a prime micro-market in Mumbai. This area is renowned for its prime real estate, making it an attractive location for luxury developments. The project is expected to set new standards in luxury living and investment opportunities in the city.
PAG, a leading investment firm with over $55 billion in assets under management as of 30 September 2024, will play a crucial role in the successful execution of the One Marina project. Their commitment of ₹540 crore is a significant vote of confidence in the project's potential and the strength of the Ashwin Sheth Group.
Ashwin Sheth Group has a strong track record in the real estate sector, known for its innovative and high-quality projects. The acquisition of a 50% stake in One Marina further cements their position as a leading player in the luxury real estate market. The group's expertise in development and management will be instrumental in ensuring the project meets the highest standards of luxury and functionality.
The One Marina project is expected to attract a diverse range of investors and homebuyers, including high-net-worth individuals, international buyers, and those looking for premium real estate in Mumbai. The project's prime location, combined with its luxury amenities and PAG's financial backing, positions it as a standout investment opportunity in the Mumbai real estate market.
The acquisition of equity from Vallabh Seth adds another layer of expertise and experience to the project. Vallabh Seth, a well-respected name in the real estate industry, brings a wealth of knowledge and a strong network of contacts that will be invaluable in the development and marketing of One Marina.
In conclusion, the collaboration between Ashwin Sheth Group and PAG, along with the strategic acquisition of equity from Vallabh Seth, sets a strong foundation for the success of the One Marina project. This development is poised to become a landmark in Mumbai's luxury real estate landscape, offering unparalleled living experiences and investment opportunities.
Frequently Asked Questions
What is the gross development value (GDV) of the One Marina project?
The gross development value (GDV) of the One Marina project is ₹2,300 crore.
How much funding has PAG committed to the One Marina project?
PAG has committed funding of ₹540 crore ($65 million) for the One Marina project.
Where is the One Marina project located?
The One Marina project is located in Marine Lines, a prime micro-market in Mumbai.
What is the significance of PAG's commitment to the project?
PAG's commitment of ₹540 crore is a significant vote of confidence in the project's potential and the strength of the Ashwin Sheth Group. It ensures the project has the necessary financial backing for successful execution.
What is the role of Vallabh Seth in the One Marina project?
Vallabh Seth, a well-respected name in the real estate industry, has provided equity to the project, bringing a wealth of knowledge and a strong network of contacts that will be invaluable in the development and marketing of One Marina.
Related News Articles
Jammu and Kashmir Witnesses Unprecedented Growth with Rs 81,000 Crore Investment Proposals
The union territory of Jammu and Kashmir has received investment proposals worth Rs 81,000 crore, thanks to the introduction of the new industrial development scheme and the repeal of Article 370.
Dogecoin Whale Sees Potential in PropiChain’s Real Estate Token Presale
ProPiChain is revolutionizing the real estate market by using blockchain technology, AI, and NFTs to make transactions faster, more accessible, and inclusive. Dogecoin whales are jumping on board, recognizing the potential for significant returns in this
Wheeler Real Estate Investment Trust Reports Significant Stock Purchases
Wheeler Real Estate Investment Trust (REIT) has seen a notable $232,080 in stock purchases, with holdings managed by Ursa Fund Partners LP and Investment Opportunities 14 Segregated Portfolio. Key managers, Andrew Hahn and Russell Douglas, are leading the
Real Estate Price Surges May Force End-Users Out: Housing.com CEO
The CEO of Housing.com highlights the significant rise in real estate prices in major cities like Mumbai and New Delhi, which may push out end-users from the market. The increasing demand for luxury properties priced above ₹10,000 per sq. ft. underscores
Mumbai Real Estate: Why Prices Remain Unmatched by Delhi and Bengaluru
Mumbai's prime real estate continues to dominate India's market, with US$1 million purchasing just 1065 square feet, a 3% decline over the past decade. Discover the key factors driving this persistent trend.
Office REITs Ascend Despite Stagnant Valuations
Despite concerns about the residential real estate market reaching its peak, the outlook for office real estate remains strong. Listed real estate investment trusts (REITs) are climbing the corporate ladder, even as valuations remain constrained.