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Ashwin Sheth Group acquires 50% stake in luxury project in Mumbai
Singapore-based PAG commits funding of Rs 540 cr
Mumbai
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Mumbai-based real estate developer Ashwin Sheth Group has acquired a 50 per cent stake in a luxury project with a gross development value (GDV) of ₹2,300 crore in Mumbai, for which Singapore-based alternative investment firm PAG has committed funding of ₹540 crore ($65 million).
PAG, with assets worth over $55 billion under management as of 30 September 2024, will fund the construction and development of the project, One Marina, located at Marine Lines — a prime Mumbai micro-market.
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