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Ashwin Sheth Group to invest Rs 5,000-cr for business expansion

Wednesday, 10 Jul 2024
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Realty firm Ashwin Sheth Group has announced an investment of around Rs 5,000 crore to expand its business. The company plans to expand its portfolio in the Mumbai Metropolitan Region (MMR) and is looking to foray into Bengaluru, Delhi-NCR and other cities.

The Group will invest Rs 4,500-5,000 crore in the next three to five years on land acquisition and construction cost. In the MMR region, projects in Kandivali, Borivali, Sewree, Juhu, 7 Rasta, Marine Drive, Nepean Sea Road, as well as Goregaon, Thane, Mulund, and Mazagaon will be launched. The company is acquiring land across cities through both outright and joint development agreements (JDAs) with landowners.

While keen to broaden its product portfolio in segments like residential, commercial, township, villas, retail, mix-use, co-working spaces, and warehousing, it would explore locations in Hyderabad, Chennai and Goa. The Mumbai-based company has achieved sales bookings of around Rs 1,500 crore in the last financial year, and targets to double in the current FY.

Ashwin Sheth Group has developed more than 80 luxury projects in India and Dubai, and is currently developing 6.5 million sq. ft. area. The Group has also announced its rebranding initiative and collaborated with chlorophyll, India's first end-to-end brand consultancy firm, for the new brand identity. The tagline, 'Our world reflects your world', eloquently expresses the dedication to understanding and fulfilling customers' needs, and aspirations.

 
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