Building a Legacy: Ashwin Sheth Group's Journey to the Top
From humble beginnings to creating iconic landmarks, Ashwin Sheth Group has come a long way. Learn about their journey, milestones, and vision for the future.
RealtyReal EstateAshwin Sheth GroupMumbaiThane Platinum BeltViviana MallReal Estate PuneJul 11, 2024
The recent rebranding initiative is a step towards achieving this mission. The new logo signifies the endeavour to align all stakeholders, including team members, financiers, suppliers, contractors, and consultants, to the company's new vision. The highly motivated and self-driven team of 475 employees is working collaboratively to achieve the company's goals and expansion plans.
One of the company's most successful projects is the Thane Platinum Belt, a unique concept that has created a thriving community. The project started with acquiring 55 acres on Ghodbunder Road from Tata in 2002, where their Voltas Switchgear company once stood. Today, the land hosts the successful Viviana Mall, one of Mumbai's top retail destinations. The company is developing diverse residential projects to cater to all segments, from high-end residential to compact options like Studio Apartments.
The company is currently active in areas from Dadar to Borivali and Ghatkopar to Thane, with new projects in Andheri, Juhu, Borivali, and Kandivali. They are planning to invest around ₹3000 crores in the next three years, which will include company capital and funds from equity partners. The company is also planning an IPO in the next 18 to 24 months.
Ashwin Sheth believes that Mumbai's real estate market has seen remarkable infrastructure development, boosting real estate growth across the city. The company is catering to its customers by focusing on location, reputation, and track record. In Mumbai's transparent market, buyers are well-informed and tech-savvy, making it essential to deliver high-quality products.
Lastly, Ashwin Sheth hopes that the upcoming Union Budget will bolster affordable housing, especially beyond Mumbai's metropolitan region.
The Ashwin Sheth Group has come a long way, with milestones like the 50-acre Thane Platinum belt, the launch of Viviana Mall in 2012, Sheth Avalon, and Sheth Cnergy. The company is eager to explore new opportunities in commercial leasing and retail expansion, alongside its 14 residential projects.
Frequently Asked Questions
What is the history of Ashwin Sheth Group?
The company was founded in 1984 in Pune and has since grown to become one of the leading real estate developers in Mumbai.
What is the Thane Platinum Belt project?
The Thane Platinum Belt is a 55-acre project on Ghodbunder Road in Thane, which hosts the successful Viviana Mall and offers diverse residential projects.
What is the company's investment strategy?
The company is planning to invest around ₹3000 crores in the next three years, which will include company capital and funds from equity partners.
What is the company's vision for the future?
The company aims to rank among the top ten developers in the country and top five in Mumbai within three to five years.
What does the company expect from the upcoming Union Budget?
The company hopes that the budget will bolster affordable housing, especially beyond Mumbai's metropolitan region.
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