19, Dec 2023
Ashwin Sheth Group plans to expand its residential and commercial portfolio in the MMR region
Key Highlights:
- Strengthened its senior leadership team at the CXO level
- In the last three quarters, increased the sales growth ranging between 25%-35%
- Implemented cutting-edge apps like HONO and SMART APP
- The brand will expand its luxury residential and commercial portfolio in 2024 and plans to foray into other cities
Bengaluru, 19 th December 2023: 37 years of legacy, known for its strategic locations and design, Ashwin Sheth Group, a leading real estate developer in India, announces a year of significant milestones, innovation, and continued growth in the Indian real estate sector. Despite the challenges posed by the global landscape, Ashwin Sheth Group remained resilient, adaptive, and committed to delivering unparalleled quality and innovation to its homebuyers, employees and stakeholders.
The company, in the last three quarters, increased the sales growth ranging between 25%- 35% compared to the previous years across its luxury residential portfolio for its ongoing projects such as Sheth Zuri, Sheth Avalon, Montana, Avante, Vasant Lawns and 72 West. The group marked its entry back with its 15 th landmark in Kandivali with the successful launch of EDMONT Aurelia, a 51-storey skyscraper and one of the tallest towers in the area. Highlighting the company’s dedication to excellence, skilled craftsmanship and consumer- centric designs, the company is looking forward to new launches in 2024 across the residential and commercial segments spanning approx. 5-10 million sq. Ft.
The year 2023 has played a pivotal role in stabilizing the real estate sector and as per analysts, India’s real estate market has emerged as the most preferred destination for global investors in the Asia-Pacific region, receiving over $23 billion since 2018 and is expected to expand to $5.8 trillion by 2047. Termed as the “turn-around year,” 2023 marked a sustained recovery for the Indian real estate sector, especially in the residential and commercial segments, following two years impacted by the COVID-19 pandemic. The residential sector, in particular, has witnessed a remarkable revival, poised to surpass decade-highs in apartment sales. This surge is fuelled by a significant interest from the HNIs, UHNIs and the NRIs.
Mr. Ashwin Sheth, Chairman and Managing Director, of Ashwin Sheth Group, stated, “In 2023, we witnessed the upsurge in sales and launches in the luxury residential sector and we will foresee the same momentum in the coming years. India’s real estate market has emerged as the most preferred destination for global investors in Asia–the Pacific region as per the experts and this will aid the Indian real estate market to boom in terms of foreign investments, help the economy and robust pipelines of real estate projects in India. Despite the competition, the MMR region has seen the highest sales in the luxury residential market”.
Mr Sheth further added, “Our strategic investments have been pivotal in propelling our vision forward, empowering us to create exceptional spaces and innovative experiences that redefine the very essence of modern living. With our strong revenue growth, Ashwin Sheth Group remains committed to redefining the real estate landscape in India by consistently delivering exceptional projects that resonate with our customers’ aspirations. We will be aggressively expanding our residential and commercial portfolio next year with a couple of launches in the MMR region and plans to foray into other cities in India”.
Mr. Bhavik Bhandari, CSMO, of Ashwin Sheth Group, said, “The surge in infrastructural development seen in both Tier 1 and Tier 2 cities is attracting significant real estate investments from the Indian Diaspora as well, propelling growth in both the residential and commercial sectors. This year we have further witnessed a boom in smart homes, mostly driven by tech, AI and automation systems. Our contextual campaigns on Ganesh Chaturthi, Navratri and Diwali brought forth a profound message that aligns seamlessly with our mission of fostering a sense of belonging and inclusion. These campaigns have been instrumental in not just showcasing our diverse portfolio of offerings but in forging meaningful connections with our audience. As we step into 2024, we are excited about the upcoming launches that will further elevate our portfolio and reinforce our position as industry trailblazers.”
Ashwin Sheth Group’s pipeline for 2024 reflects its dedication to innovation, customer satisfaction, and a vision to create spaces that not only meet but exceed the evolving needs of discerning homebuyers and businesses across India.
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- By Rabindra
28, Nov 2023
Ashwin Sheth Group unveils Kandivali’s one of the tallest mixed-use developments, ‘EDMONT Aurelia’
Bangalore, 28th November 2023: The Ashwin Sheth Group, a veteran leader in real estate luxury development, unveils its 15th project in Kandivali, ‘EDMONT’ along with a joint venture with K Hemani. Spanning over 2.02 acres, this mixed-use development has integrated retail spaces and nestled in Kandivali West is adorned with a 51-story skyscraper. Comprising three meticulously crafted towers, EDMONT Aurelia will be launching in the first phase and offers spacious 2,3 BHK and Jodi flats (2 BHK and 2 BHK) starting from 761 Sq. Ft at Rs.2.09 crores onwards.
EDMONT distinguishes itself as a haven of recreational activities, emphasizing expansive open spaces, verdant greenery, and meticulous planning across 60% of its area, situated near the serene Manori Creek. This project exemplifies the Ashwin Sheth Group’s unwavering commitment to excellence, embodying the company’s vision of transcending conventional boundaries to offer residents a lifestyle seamlessly blending modernity and comfort.
Expressing his vision for the launch, Mr. Ashwin Sheth, Chairman and Managing Director, of Ashwin Sheth Group, said, “EDMONT is more than just a residential project; it’s a transformational journey for Kandivali. We are committed to elevating Kandivali into an upmarket suburb in Mumbai. Our focus is on creating a superior lifestyle and curated amenities to enhance lifestyles. We are excited to fulfil the aspirations of homebuyers by providing spacious and expansive homes.”
EDMONT, the epitome of opulent living, presents a selection of more than 25+ best-in-class amenities, meticulously curated to foster an atmosphere of unparalleled luxury and well-being. Nestled in a strategic location with seamless access to South Mumbai via S.V. Road and Link Road, EDMONT stands as a premier residential and lifestyle hub designed to cater to the diverse needs of discerning homebuyers. The location is well-connected to major commercial hubs like Malad, Goregaon, and Andheri. With its strategic location, evolving infrastructure, and potential for growth, Kandivali is poised to continue its ascent as one of Mumbai’s most coveted residential areas.
The project seamlessly integrates nature into its design, offering residents a tranquil escape amidst the city’s hustle and bustle. Renowned for contemporary design, superior construction quality, and meticulously planned landscapes in each project, the Ashwin Sheth Group returns to Kandivali with EDMONT and sets a new benchmark in luxury living experience.
