Ashwin Sheth Group Acquires Development Rights of 4.05-Acres from MHADA in Goregaon West With GDV of ₹3,800 Cr

Mumbai, July 18, 2025: Ashwin Sheth Group has announced its ambitious new residential project in Siddharth Nagar, Goregaon West, marking a significant milestone in the company’s expansion into Mumbai’s thriving western suburbs.

The landmark development, with a gross development value (GDV) of INR 3,800 crore, is set to transform the residential landscape of Goregaon West with its premium offerings and world-class amenities.

Strategically located on a sprawling 4.05-acre land parcel, the project will feature five towers—four towers of 44 floors each and a signature 60-floor tower- alongside dedicated retail development. The development will offer approximately 12 lakh square feet of RERA carpet area with spacious and meticulously designed 2, 3 and 4-bed residences ranging from 800 to 1,600 square feet.

Ashwin Sheth, CMD, Ashwin Sheth Group, said, “This strategic acquisition from MHADA represents a milestone in our expansion strategy. Goregaon West has emerged as one of Mumbai’s most promising residential destinations, and securing this prime 4.05-acre parcel positions us to deliver a world-class development that will set new standards for premium living in the western suburbs.”

Strategic Location and Market Positioning

The Siddharth Nagar location in Goregaon West offers excellent connectivity to major business districts, entertainment hubs and transportation networks. With the area witnessing rapid infrastructure development and emerging as a preferred residential destination for both end-users and investors, the project is strategically positioned to cater to the growing demand for premium housing in the western suburbs.

The announcement comes at a time when Mumbai’s western suburbs are experiencing record demand for premium residential projects. Goregaon West, in particular, has witnessed significant appreciation in property values driven by improved infrastructure, connectivity and the presence of major commercial and entertainment hubs. This project adds to Ashwin Sheth Group’s expanding portfolio in Mumbai and strengthens the company’s position as a leading developer in the premium residential segment.