Ashwin Sheth Group Launches Premium Mumbai Project in Goregaon West
Real Estate

Ashwin Sheth Group Launches Premium Mumbai Project in Goregaon West

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. 

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

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. 

Next Story
Real Estate

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

Next Story
Infrastructure Transport

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Next Story
Infrastructure Transport

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?