Ashwin Sheth Group Targets ₹30,000 Crore Revenue with Upcoming Projects
The Ashwin Sheth Group, a well-established real estate developer from Mumbai, is gearing up for an exciting expansion in 2025. The company plans to launch over 10 new housing projects, including its first-ever developments in Bengaluru. The total revenue from these projects, including joint ventures, is expected to reach up to ₹30,000 crore.
To fund this growth, the group is planning to launch an initial public offering (IPO) within the next 12 to 18 months. The IPO will help clear any remaining debts and support the group’s ambitious expansion across India, particularly in the premium and luxury real estate sectors.
The company’s upcoming projects include some huge developments in Mumbai. For example, in Kandivali East, a 1 million sq. ft residential project is expected to generate ₹1,400–1,600 crore in revenue. There’s also a large 3 million sq. ft project in Sewree, with potential revenue of ₹12,000–14,000 crore. These are just a few of the many projects lined up, with additional plans in areas like Goregaon, Borivali, and Nepean Sea Road.
Bengaluru, a fast-growing market, will see the Ashwin Sheth Group’s debut with two projects. One will be a 0.5 million sq. ft development, expected to generate ₹600–800 crore in revenue. Another farmhouse project in the city is projected to bring in ₹800–1,000 crore.
In addition to these markets, the company is also eyeing expansion in cities like Chennai, Pune, and Delhi. Most of the projects will focus on the premium, luxury, and super-luxury segments, with about 90–95% of the portfolio dedicated to residential properties. The company also plans to stay asset-light by using joint ventures (JVs), redevelopments, and slum rehabilitation projects, reducing the need for heavy investment in land acquisition.
The group currently has ongoing projects in Mumbai, including in prime locations like Marine Drive. Despite having a net debt of ₹400 crore, the company is confident in its growth strategy, aiming for a turnover of ₹6,000–7,000 crore in the next three years and a target revenue of ₹10,000 crore within five years.
Ashwin Sheth Group has been in the real estate business for over 40 years and recently rebranded itself, unveiling a new logo and vision in July 2024. Its goal is to become one of the top 10 real estate developers in India in the next five years. With its plans for the IPO and major expansions, the company is set to play a significant role in India’s luxury real estate market.
For more information on property leasing, check out eazemyrent.com.
