Ashwin Sheth Group to expand its commercial and retail portfolio

13 Jan 2020 CW Staff

Going forward, Ashwin Sheth Group will focus on all the three segments of residential, commercial and retail.

To begin with, the company has announced the launch of a new commercial project – Cnergy Thane (MahaRERA No: P51700023047), at Thane’s Platinum Belt, next to Viviana Mall. Adjacent to the planned commercial project, the group already has its residential and retail projects such as Sheth Zuri, Sheth Avalon, Sheth Vasant Lawns, and Viviana Mall.

Earlier this decade, the company had successfully developed a luxury Grade-A commercial office space tower at Prabhadevi in Mumbai by the same name, Cnergy.

Cnergy Thane is strategically located, intelligently designed and will be equipped with technology driven facilities. This latest commercial landmark has been meticulously planned with the same vision behind iconic Cnergy Prabhadevi. With a cumulative office space of over 2 lakh sq ft, with office sizes starting from 550 sq ft to an entire floor of around 10,000 sq ft, this Grade A commercial tower will offer spaces to start-ups as well as corporate and multi-national companies.

Currently, almost 95 per cent of the company’s portfolio is residential and the balance is shared between the retail and commercial segments. In the future, Ashwin Sheth Group’s 70 per cent of the portfolio will be residential and the balance is a mix of retail and commercial.

Detailing about company’s capital expenditure plans, Sheth said, “In order to expand the company to more than double its present size, about Rs 20 billion will be invested in the next five years to create a healthy mix of housing, commercial and retail segments. The plan will help in the company build a portfolio of Rs 100 billion, from the present Rs 40 billion.

Established in 1986, Sheth Group, an Ashwin Sheth initiative, is one of the leading real estate developers in the country, with an identity rooted in unique designs infused with contemporary thinking. Since its inception, the group has delivered some of the finest residential, IT, retail and township projects in India and abroad, through resourceful planning, unwavering focus on quality and customer-oriented designs.

Photo caption: Chintan Sheth and Maulik Sheth (L-R) at the launch of Ashwin Sheth Group's commercial project Cnergy Thane on Thursday.

Ashwin Sheth Group, one of Mumbai’s leading real-estate developers, plans to expand its commercial and retail portfolio by foraying into newer geographies outside Mumbai. On Thursday, January 9, 2020, Chintan Sheth, Director, Ashwin Sheth Group, announced the company’s plan to foray into other cities of India, which includes a combination of Tier-I and Tier-II cities.Going forward, Ashwin Sheth Group will focus on all the three segments of residential, commercial and retail.To begin with, the company has announced the launch of a new commercial project – Cnergy Thane (MahaRERA No: P51700023047), at Thane’s Platinum Belt, next to Viviana Mall. Adjacent to the planned commercial project, the group already has its residential and retail projects such as Sheth Zuri, Sheth Avalon, Sheth Vasant Lawns, and Viviana Mall.Earlier this decade, the company had successfully developed a luxury Grade-A commercial office space tower at Prabhadevi in Mumbai by the same name, Cnergy.Cnergy Thane is strategically located, intelligently designed and will be equipped with technology driven facilities. This latest commercial landmark has been meticulously planned with the same vision behind iconic Cnergy Prabhadevi. With a cumulative office space of over 2 lakh sq ft, with office sizes starting from 550 sq ft to an entire floor of around 10,000 sq ft, this Grade A commercial tower will offer spaces to start-ups as well as corporate and multi-national companies.Currently, almost 95 per cent of the company’s portfolio is residential and the balance is shared between the retail and commercial segments. In the future, Ashwin Sheth Group’s 70 per cent of the portfolio will be residential and the balance is a mix of retail and commercial.Detailing about company’s capital expenditure plans, Sheth said, “In order to expand the company to more than double its present size, about Rs 20 billion will be invested in the next five years to create a healthy mix of housing, commercial and retail segments. The plan will help in the company build a portfolio of Rs 100 billion, from the present Rs 40 billion.Established in 1986, Sheth Group, an Ashwin Sheth initiative, is one of the leading real estate developers in the country, with an identity rooted in unique designs infused with contemporary thinking. Since its inception, the group has delivered some of the finest residential, IT, retail and township projects in India and abroad, through resourceful planning, unwavering focus on quality and customer-oriented designs. Photo caption: Chintan Sheth and Maulik Sheth (L-R) at the launch of Ashwin Sheth Group's commercial project Cnergy Thane on Thursday.

Infrastructure Urban

23 Oct 2025

PM GatiShakti Reviews Major Road, Rail and Metro Plans

The Network Planning Group (NPG) under the PM GatiShakti initiative has evaluated multiple infrastructure projects spanning road, rail, and metro systems. The review covered two highway projects by the Ministry of Road Transport and Highways (MoRTH), two railway proposals by the Ministry of Railways, and one metro project under the Ministry of Housing and Urban Affairs (MoHUA). According to the Ministry of Commerce and Industry, the projects were assessed for alignment with PM GatiShakti’s principles of integrated multimodal connectivity, last-mile linkage to economic and social hubs, and t..

Infrastructure Urban

23 Oct 2025

BLS International Wins MEA Contract for Visa Centres in China

BLS International Services Limited announced that it has secured a contract from the Ministry of External Affairs (MEA) to establish and operate Indian Visa Application Centres (IVACs) in China. The contract, effective from 14 October 2025, will remain valid for a period of three years. The development follows India’s decision in July 2025 to resume the issuance of tourist visas to Chinese nationals — a move aimed at improving bilateral relations that had been strained since the Galwan Valley clashes. India had suspended tourist visas for Chinese citizens in 2020 due to the COVID-19 pande..

Infrastructure Urban

23 Oct 2025

Newgen Wins Rs 466 Million US Contract From Financial Major

Newgen Software Technologies has announced a major contract win for its US subsidiary, Newgen Software Inc., securing a two-year agreement worth USD 5.29 million (around Rs 466 million) with a leading financial institution in the United States. According to the company’s regulatory filing, the deal includes annual software licensing fees, cloud hosting services, and other service-related charges. The contract was signed with a non-related international entity, and does not involve any promoter or group company interests. Newgen clarified in its statement that the transaction does not quali..