In a triumphant celebration of 37 years of excellence, Ashwin Sheth Group, a real estate developer in India, proudly announces a year of remarkable milestones, innovation, and sustained growth in the dynamic Indian real estate sector. Undeterred by global challenges, the group remained resilient, adaptive, and committed to delivering unparalleled quality and innovation to its homebuyers, employees, and stakeholders.
Throughout the last three quarters, the company has demonstrated an impressive surge in sales growth, ranging between 25 per cent to 35 per cent, across its luxury residential portfolio for ongoing projects such as Sheth Zuri, Sheth Avalon, Montana, Avante, Vasant Lawns, and 72 West. Notably, the group marked its re-entry into the spotlight by launching EDMONT Aurelia, a 51-storey skyscraper and one of the tallest towers in Kandivali, adding to its portfolio of 15 landmarks.
Ashwin Sheth, Chairman and Managing Director of Ashwin Sheth Group, shared his insights on the success, stating, “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.”
Bhavik Bhandari, Chief Sales and Marketing Officer (CSMO) of Ashwin Sheth Group, emphasized the significant infrastructural development in both Tier 1 and Tier 2 cities, attracting substantial real estate investments. He highlighted the surge in smart homes, predominantly driven by technology, AI, and automation systems. Bhandari expressed enthusiasm about the upcoming launches in 2024, stating, “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.”
The year 2023 is hailed as a ‘turn-around year’ for India’s real estate sector, showcasing a sustained recovery, particularly in the residential and commercial segments. Analysts predict India’s real estate market to be the preferred destination for global investors in the Asia-Pacific region, set to expand to US$ 5.8 trillion by 2047. With a pipeline reflecting dedication to innovation and customer satisfaction, Ashwin Sheth Group stands poised to continue shaping the real estate landscape in India, creating spaces that exceed the evolving needs of discerning homebuyers and businesses across the country.