The project will include four 44-storey towers and a signature 60-storey tower, alongside a dedicated retail component, covering an estimated 12 lakh sq. ft. of RERA carpet area. Residences will include 2, 3, and 4 BHK apartments, ranging from 800 to 1,600 sq. ft., designed to meet the evolving needs of premium homebuyers.

Speaking on the development, Mr. Ashwin Sheth, Chairman and Managing Director of 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 Relevance

Located in Siddharth Nagar, the project enjoys excellent connectivity to Mumbai’s key commercial zones, entertainment hubs, and infrastructure networks including the Western Express Highway, Link Road, and metro lines. The area is witnessing rapid appreciation in property values, driven by infrastructure upgrades and increasing demand from both end-users and investors.

This development reinforces Ashwin Sheth Group’s growing footprint in Mumbai and highlights its focus on the premium residential segment. With luxury housing in high demand across the city’s western corridor, this project is poised to become a landmark in Goregaon West.

Also Read: Ashwin Sheth Group Files FIR Against Reputed Developer Alleging ₹700 Crore Fraud

The post Ashwin Sheth Group Acquires MHADA Land in Goregaon West for ₹3,800 Cr Premium Residential Project appeared first on Square Feat India.

The new tower is part of the larger Elysian project, which promises elevated urban living within the well-established Oberoi Garden City. The project offers a mix of luxurious 3 and 4-BHK residences, with carpet areas ranging from 2,009 to 3,430 sq. ft. The apartments have been designed to maximize space, natural light, and comfort, reflecting Oberoi Realty’s design-first approach.

Oberoi Garden City, spread across nearly 80 acres, is a landmark integrated township in Goregaon that brings together premium residences, Grade-A commercial spaces at International Business Park, luxury retail at Oberoi Mall, global education at Oberoi International School, and five-star hospitality via The Westin Mumbai Garden City. The project is inspired by the principles of New Urbanism, offering seamless connectivity, a ready social infrastructure, and a self-sustained lifestyle ecosystem.

Commenting on the launch, Vikas Oberoi, Chairman and Managing Director of Oberoi Realty Limited, said,

“We are truly delighted by the overwhelming response to the launch of Elysian Tower D. This success not only reflects the enduring strength of the Oberoi Realty brand but also validates our vision of creating integrated urban developments that redefine luxury living.”

He added that the strong sales in Towers A, B, and C, and now Tower D, underscore the growing trust in the company’s developments and the appeal of Oberoi Garden City as a destination.

Elysian Tower D will also offer a host of curated amenities including landscaped gardens, a grand entrance lobby, and expansive recreational spaces—further enhancing the quality of life for residents.

The success of this launch further cements Oberoi Realty’s position as a key player in shaping Mumbai’s luxury real estate market, particularly in the high-demand Goregaon micro-market.

Also Read: Oberoi Realty appoints Sameep Pathak as Chief Executive Officer-Mall

The post Oberoi Realty Clocks Rs 970 Crore in Bookings for New Goregaon Tower appeared first on Square Feat India.

This acquisition is part of Suraj Estate Developers’ ongoing expansion strategy, as the land is situated adjacent to another vacant plot previously acquired by the company. The two plots, once combined, will cover around 3,000 square meters and are projected to offer a total RERA Carpet area of 2.10 lakh square feet. The estimated Gross Development Value (GDV) for the combined project is approximately Rs 1,000 crores.

Located in the heart of Mumbai, the plot offers excellent connectivity, with proximity to railway stations, an upcoming metro line, and a new flyover that will connect Senapati Bapat Marg to the Western Express Highway, ensuring seamless commuting.

Rahul Thomas, Executive Director of Suraj Estate Developers, commented on the acquisition, stating, “This acquisition aligns with the objectives of the funds raised through the preferential issue of equity shares and share warrants amounting to Rs. 343 crores. Our operational performance in the last quarter has been exceptional, with a 14% increase in sales volume and a 10% rise in sales realization. Given the growing demand for commercial spaces in such a strategic location, we are confident in the success of the project.”

Suraj Estate Developers has seen strong financial growth, with an 88% surge in Profit After Tax (PAT) and a 26% year-on-year (Y-O-Y) increase in pre-sales for Q2FY25. The company also reported a 89% Y-O-Y growth in collections for Q2FY25, driven by increased sales from its commercial project, CCIL.

Also Read: Century Real Estate Reports Strong Growth Amid Rising Demand for Luxury Properties in Bengaluru

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