Ashwin Sheth Group’s Expansion Strategy in MMR Region

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    Ashwin Sheth Group, a prominent real estate developer in India, has unveiled plans to expand its residential and commercial portfolio within the MMR (Mumbai Metropolitan Region) area. The group’s recent advancements and forthcoming initiatives signify significant progress in the Indian real estate sector.

    Key Highlights
    • The augmentation of the senior leadership team at the CXO level.
    • Consistent sales growth, ranging between 25% and 35% over the last three quarters.
    • Integration of cutting-edge applications like HONO and SMART APP.
    • Anticipated expansion into luxury residential and commercial projects in 2024, along with intentions to venture into other cities.

    Despite global challenges, Ashwin Sheth Group remains steadfast in delivering quality and innovation to its stakeholders, employees, and homebuyers. Notably, the group has observed substantial sales growth in ongoing luxury residential projects such as Sheth Zuri, Sheth Avalon, Montana, Avante, Vasant Lawns, and 72 West. The recent inauguration of EDMONT Aurelia, a 51-storey skyscraper in Kandivali, stands as a significant addition to its portfolio.

    The year 2023 has proven pivotal for the real estate sector, especially in residential and commercial segments, showcasing a notable recovery post-pandemic impact. Analysts foresee sustained growth, with India’s real estate market attracting substantial investments. This resurgence, particularly in apartment sales, has been fueled by heightened interest from high-net-worth individuals (HNIs), ultra-high-net-worth individuals (UHNIs), and non-resident Indians (NRIs).

    Mr. Ashwin Sheth, Chairman and Managing Director, expressed optimism about India’s allure to global investors. The company intends to capitalize on this potential and aims for consistent growth in the luxury residential market.

    Mr. Bhavik Bhandari, CSMO of Ashwin Sheth Group, highlighted the surge in infrastructural development across Tier 1 and Tier 2 cities, attracting significant real estate investments. Noteworthy this year has been the trend towards smart homes driven by technology, AI, and automation systems.

    The group’s roadmap for 2024 reaffirms its commitment to innovation, customer satisfaction, and creating spaces aligned with evolving consumer needs across India.

    In terms of accolades, the Ashwin Sheth Group has been acknowledged at esteemed platforms such as the Asia Excellence Awards 2023, Fortune Leadership Awards 2023, REALTY+ EXCELLENCE AWARDS 2023, and International Realty Awards 2023, among others.

    Also read: Visitor ID Verification at Office Buildings: Lengthy Process and Data Safety Concerns

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