Archive · 11 Jun 2025
PAG Invests $65M in Mumbai Luxury Project led by Sheth Group
A luxury apartment building called 'One Marina' in Mumbai is getting a boost.
The Ashwin Sheth Group, a real estate company, now owns half of it.
A company named PAG is investing $65 million to help build it.
This money will go towards construction.
The project had some issues before.
Ashwin Sheth Group took over the loan from the previous company.
The project is expected to be a luxury residential address in south Mumbai, showing continued interest in expensive homes.
Ashwin Sheth Group secured a 50% stake in the 'One Marina' luxury residential project in Mumbai.
PAG invested $65 million to support construction and development.
The project is a 74-storey tower located in Marine Drive, Mumbai.
Funds facilitated the exit of JC Flower ARC, which took over the loan from Yes Bank.
Ashwin Sheth Group aims to redefine the luxury segment in South Mumbai.
- Who
- Ashwin Sheth Group, PAG, JC Flower ARC, Vallabh Sheth, Jitendra Sheth, and YM Infra.
- What
- Ashwin Sheth Group and PAG are involved in the 'One Marina' luxury residential project.
- When
- Construction has reached the 9th podium level.
- Where
- Marine Drive, Mumbai.
- Why
- To revive a stalled luxury residential project.
- Project Name
- One Marina
- Location
- Marine Drive, Mumbai
- Ashwin Sheth Group Stake
- 50%
- PAG Investment
- $65 million
- Gross Development Value
- ₹2,300 crore
- Saleable Area (Ashwin Sheth Group)
- 400,000 sq ft
- Project Type
- Luxury Residential
