Ashwin Sheth Group's Strategic Move in Mumbai's Luxury Real Estate Market
Ashwin Sheth Group acquires a 50% stake in the luxurious 'One Marina' housing project on Marine Drive, Mumbai, with a Rs 540 crore investment from PAG, Singapore. The project is set to generate Rs 2300 crore in revenue.
Ashwin Sheth GroupOne MarinaMumbaiReal EstateLuxury HomesReal Estate MumbaiJun 11, 2025
The deal involves the acquisition of shares from Vallabh Sheth and Jitendra Sheth, along with the landowner YM Infra. While the financial specifics of the transaction remain undisclosed, the Ashwin Sheth Group is optimistic about the project's potential, projecting a total revenue of Rs 2300 crore from the venture.
In a joint statement, Ashwin Sheth, the Chairman of the Ashwin Sheth Group, and Sunil Hotchandani, Head of Fund Raising, expressed their commitment to creating premier living experiences and unlocking value in legacy projects. They emphasized the group's dedication to excellence and innovation in the real estate industry.
Established in 1986, the Ashwin Sheth Group has a rich history of delivering high-quality projects across various sectors, including residential, commercial, and hospitality. The group's operations span India and Dubai, reflecting its multifaceted approach and global presence. With this acquisition, the Ashwin Sheth Group aims to set new benchmarks in the luxury real estate market, offering discerning buyers a unique blend of elegance and modernity.
The 'One Marina' project is situated in one of Mumbai's most desirable locations, Marine Drive, known for its scenic beauty and prime real estate. The project is designed to cater to the needs of affluent individuals and families, offering luxurious amenities and state-of-the-art facilities. The group's vision is to create a living space that not only meets but exceeds the expectations of its residents, providing a lifestyle that is both comfortable and prestigious.
This acquisition is a testament to the Ashwin Sheth Group's strategic vision and its ability to identify and capitalize on opportunities in the real estate market. With a strong financial backing and a clear focus on quality, the group is well-positioned to deliver a project that will set new standards in the luxury housing segment.
As the real estate market in Mumbai continues to evolve, the Ashwin Sheth Group's entry into the luxury segment is expected to have a significant impact. The project's potential to generate substantial revenue and its strategic location make it an attractive proposition for investors and homebuyers alike. The Ashwin Sheth Group's commitment to excellence and its track record of successful projects suggest that 'One Marina' will be a landmark addition to Mumbai's skyline.
In conclusion, the acquisition of the 'One Marina' project by the Ashwin Sheth Group, with the support of PAG, Singapore, represents a bold and strategic move in the luxury real estate market. The project's potential to generate significant revenue and its prime location on Marine Drive make it a promising venture. The Ashwin Sheth Group's dedication to delivering premier living experiences is poised to set new standards in the luxury housing segment, making 'One Marina' a highly anticipated addition to Mumbai's real estate landscape.
Frequently Asked Questions
What is the 'One Marina' housing project?
The 'One Marina' housing project is a luxurious residential development located on Marine Drive, Mumbai. It is designed to cater to the needs of affluent individuals and families, offering premium amenities and a prime location.
How much did Ashwin Sheth Group invest in the 'One Marina' project?
Ashwin Sheth Group acquired a 50% stake in the 'One Marina' project with a Rs 540 crore investment from PAG, Singapore.
What is the projected revenue from the 'One Marina' project?
The Ashwin Sheth Group projects a total revenue potential of Rs 2300 crore from the 'One Marina' project.
Who are the key figures behind the Ashwin Sheth Group?
The key figures behind the Ashwin Sheth Group include Ashwin Sheth, the Chairman, and Sunil Hotchandani, the Head of Fund Raising.
What is the significance of the 'One Marina' project for the Ashwin Sheth Group?
The 'One Marina' project marks the Ashwin Sheth Group's entry into the high-end residential market, solidifying its position in the luxury real estate sector and setting new standards in the industry.
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