Ashwin Sheth Group Plans Major Expansion with 10+ Housing Projects in 2025

 

Real estate developer Ashwin Sheth Group is set to launch over 10 housing projects in 2025, making its debut in Bengaluru as part of an ambitious growth strategy. The Mumbai-based firm aims to tap into the public market to finance these expansions, with projected revenues from these projects reaching up to ₹30,000 crore.

 

While the majority of these projects will be in Mumbai, Ashwin Sheth Group is venturing into the rapidly growing Bengaluru market for the first time, kicking off with two significant projects. "Our goal is to establish a strong presence across cities and become a leader in the premium to luxury real estate market in India," said Ashwin N. Sheth, the group's chairman and managing director.

 

To support this growth, the company plans to pursue strategic partnerships and prepare for an upcoming IPO within the next 12 to 18 months to help clear any outstanding debts.

 

Key upcoming launches include a 1 million sq. ft residential project in Kandivali East with a revenue potential of ₹1,400-1,600 crore, a similar project in Borivali West expected to generate ₹3,000 crore, and a 1.1 million sq. ft development in Goregaon worth ₹3,400 crore. Additionally, a massive 3 million sq. ft project in Sewree could bring in ₹12,000-14,000 crore.

 

In Bengaluru, a 0.50 million sq. ft project is projected to yield ₹600-800 crore, alongside a farmhouse project with a potential revenue of ₹800-1,000 crore.

 

Currently, the group has five ongoing projects in central Mumbai and is close to completing three of them this financial year. Recently rebranded with a new logo and vision, Ashwin Sheth Group is focused on evolving its business model and scaling up operations.