Ashwin Sheth Group has secured development rights for a four-acre land parcel in Goregaon West, Mumbai, from the Maharashtra Housing and Area Development Authority (MHADA).

The group plans to develop a large-scale housing project with a Gross Development Value (GDV) of Rs 3,800 crore. This project is expected to add approx.12 lakh sq. ft. of RERA carpet area to the group's growing portfolio. Ashwin Sheth, Chairman and Managing Director of Ashwin Sheth Group, emphasized the importance of this project for the company's expansion strategy. "This strategic acquisition from Maharashtra Housing And Area Development Authority (MHADA) represents a milestone in our expansion strategy," he said. 

With this new project, Ashwin Sheth Group continues to strengthen its presence in Mumbai's real estate market. The Group has already developed more than 38 million square feet of assets and currently has over seven million sq. ft. under construction. The new development in Goregaon West aligns with the company's long-term vision of building premium residential projects across the city.