Ashwin Sheth Group Lands ₹3,800 Crore Goregaon West Development

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 residential project with an estimated Gross Development Value (GDV) of ₹3,800 crore, adding approximately 12 lakh sq. ft. of RERA carpet area to its expanding portfolio.

Ashwin Sheth, Chairman and Managing Director of Ashwin Sheth Group, highlighted the strategic importance of the acquisition:
“This landmark deal with MHADA marks a significant milestone in our expansion strategy and reaffirms our commitment to delivering high-quality residential developments in Mumbai.”

With this project, the Group strengthens its presence in the city’s competitive real estate landscape. Having already developed over 38 million sq. ft. and with more than 7 million sq. ft. under construction, the Goregaon West project is a key step in the company’s long-term vision of building premium, future-ready residential communities across Mumbai.

News by Rahul Yelligetti.