Mumbai-based real estate firm Ashwin Sheth Group has acquired development rights for the 12-acre Chitrakoot Grounds on Link Road, Andheri West, one of the city’s prime western suburbs.

The parcel is slated for a significant mixed-use development combining retail, office, and residential components. Sources familiar with the matter confirmed that transaction and registration formalities have been completed, and initial groundwork is expected to begin in the coming months. The project is estimated to have a gross development value (GDV) of around Rs 8,000 crore, making it a prominent mixed-use development in the area in recent years.

Andheri West continues to attract major investments due to its strong connectivity, rising commercial appeal, and residential demand. Analysts expect more such developments as multiple players explore similar opportunities in the region.