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.

Infrastructure Transport

13 Oct 2025

Tata, Airbus to Build India’s First Private Helicopter Line

In a landmark development for India’s aerospace sector, Tata Advanced Systems Limited (TASL) and Airbus will establish the country’s first private-sector helicopter assembly line in Vemagal, Karnataka. The facility will manufacture the Airbus H125 and H125M, marking a significant milestone in India’s push for self-reliance in aviation and defence manufacturing. The new Final Assembly Line (FAL) will produce the H125, the world’s best-selling single-engine helicopter, known for its versatility and performance in extreme environments. The first ‘Made in India’ H125 is expected to ro..

NeGD to Support Bharat Taxi in Building Cooperative Ride Platform

In a significant move for India’s digital and mobility transformation, the National e-Governance Division (NeGD) of the Digital India Corporation, under the Ministry of Electronics and Information Technology (MeitY), has entered into an advisory partnership with Sahakar Taxi Cooperative Limited, the company behind Bharat Taxi — a first-of-its-kind, cooperative-led national ride-hailing platform. A Memorandum of Understanding (MoU) has been signed between NeGD and Sahakar Taxi to provide strategic advisory and technical support covering key areas such as platform integration, cybersecurity..

MeitY Hosts Pre-Summit for India–AI Impact Summit 2026

The Ministry of Electronics and Information Technology (MeitY), Government of India, hosted a series of Pre-Summit events for the upcoming India–AI Impact Summit 2026 at the India Mobile Congress (IMC) 2025 in New Delhi. These sessions mark a key milestone ahead of the main summit, scheduled for 19–20 February 2026 at Bharat Mandapam, New Delhi. Delivering the inaugural address, S. Krishnan, Secretary, MeitY, highlighted India’s innovative and frugal approach to AI development. “We have adopted innovative means by learning from others’ experiences to build projects and products that..