Ashwin Sheth Group Launches Premium Mumbai Project in Goregaon West

21 Jul 2025 CW Team

Mumbai-based Ashwin Sheth Group announced on 18 July a residential project in Siddharth Nagar, Goregaon West, Mumbai, following acquisition of development rights from the Maharashtra Housing and Area Development Authority (MHADA).

The development will offer 12 lakh square feet of RERA carpet area with a gross development value (GDV) of Rs 38 billion.

Spanning 4.05 acres, the project will comprise five towers of 44 floors each, alongside a signature 60-floor tower.

Apartments will include 2, 3 and 4-bedroom units ranging from 800 to 1,600 square feet.

Ashwin Sheth, Chairman and Managing Director of Ashwin Sheth Group, stated, “This strategic acquisition from MHADA marks a milestone in our expansion. Goregaon West has become one of Mumbai’s most promising residential areas. Securing this prime 4.05-acre site positions us to deliver a world-class development that will set new benchmarks for premium living in the western suburbs.”

The Siddharth Nagar location offers excellent connectivity to key business districts, entertainment hubs, and transport networks.

With rapid infrastructure growth and rising demand from end-users and investors, the project is strategically placed to meet the growing need for premium housing in Mumbai’s western suburbs.

Earlier, on 11 June, Ashwin Sheth Group acquired a 50 per cent stake in One Marina, a luxury residential project in South Mumbai’s Marine Lines with a GDV of Rs 23 billion.

This acquisition was supported by significant funding from PAG Singapore, an Asia-focused investment firm, which committed $65 million (over Rs 5.4 billion) to aid construction and development.

“Part of PAG’s funds facilitated the exit of J.C. Flower ARC, whose loan from Yes Bank was settled by Ashwin Sheth Group, clearing the path for the new partnership,” the company statement said.

One Marina enjoys a prime location near Marine Drive and the historic Princess Street Flyover, one of India’s earliest flyovers, in the heart of the city.

Building Material

11 Dec 2025

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

"Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding with Tata Steel Limited to evaluate potential areas of strategic cooperation across mining, logistics, pelletisation and steelmaking. The MoU was signed by B Prabhakaran, Managing Director of Lloyds Metals, and Mr T V Narendran, CEO and Managing Director of Tata Steel. The partnership framework aims to leverage the natural operational synergies between both companies and assess opportunities in greenfield steel projects, iron ore mining, slurry pipeline infrastructure, pellet manufacturing in iron ore–ric..

IndiaAI, Gujarat Govt Host Regional Conclave Ahead of 2026 AI Summit

The IndiaAI Mission under the Ministry of Electronics and Information Technology, along with the Government of Gujarat and IIT Gandhinagar, convened a Regional Pre-Summit Event at Mahatma Mandir, Gandhinagar. The initiative is part of the build-up to the India–AI Impact Summit 2026, scheduled for 15–20 February 2026 at Bharat Mandapam, New Delhi. The conclave brought together senior policymakers, technology leaders, researchers and industry practitioners to examine how AI can accelerate economic, digital and social transformation across sectors. The programme focused on the overarching th..