Tag: Mr Chintan Sheth

Business World, News

Ashwin Sheth Group and Emami Group’s JV – ‘Avanté’ at Kanjurmarg…

Feb 22, 2021 by Rekha Nair 0 Comments #Ashwin Sheth Group, #Director, #Mr Chintan Sheth

Mumbai: Ashwin Sheth Group and Emami Group’s joint venture – Avanté is all set to take Kanjurmarg to a whole new level of uber-luxury, ‘Where finest living meets effortless connectivity’. Spread over 1.8 acres, Avanté is located on LBS Marg, a major arterial road in Kanjurmarg West. The project comprises luxurious 1, 2 & 3 BHKs in 3 wings of 25 floors. Avanté is registered under MahaRERA No – P51800001140.

True to its name, Avanté, is a well thought out project offering over 20 luxury lifestyle amenities such as infinity pool, amphitheatre, fitness centre and co-working spaces on the eco-deck, a cricket pitch, kids’ play area, multipurpose court and many more such indulgences, setting it apart from its competition in the market. The project also provides serene and sunset hues and an eye-catching view of the city that adds charm to this luxurious abode. The terrace offers a gamut of exceptional facilities like herbs & spice and a vegetable garden, a rooftop yoga deck, a star gazing pedestal, landscaped garden, and a party deck.

To provide more within the boundaries, Avanté is strategically designed with zero negative space planning. The brand has adopted a proficient design philosophy resulting in more moving space to cater to the homebuyers’ maximum requirements.

Embracing accessibility and appreciation potential paired with infrastructure and commercial development, Kanjurmarg is emerging as a luxury micro-market in the MMR region. The location’s strategic positioning provides seamless connectivity to the business districts of Powai, BKC, and South Mumbai via LBS road, JVLR, Eastern Express highway, SCLR, and the Eastern freeway. The upcoming Mumbai Metro Lokhandwala-Jogeshwari-Vikhroli-Kanjurmarg Line, which has a station at walking distance from Aavnte, will offer rapid quick access to other parts of the city, avoiding traffic congestion. Leisure options such as malls, hotels, parks, and other social infrastructure are close to the project.

Speaking on the announcement, Mr Chintan Sheth, Director, Ashwin Sheth Group, said, “With our continued relationship with Emami Group, we are thrilled to present, Avanté, a luxurious abode at Kanjurmarg West. We are confident that we will set a new benchmark amongst homebuyers in this upcoming micro-market with this project. Avanté has received all relevant approvals from the respective authorities, and the construction work is going on in full swing. Our goal continues to provide a luxurious lifestyle to homebuyers who are looking out to upgrade their lifestyles.”

Business World

Pre-budget expectations:Mr. Chintan Sheth, Director, Ashwin Sheth Group

Jan 28, 2021 by Neel Achary 0 Comments #Ashwin Sheth Group, #Director, #Mr Chintan Sheth

Budget 2021 will be crucial for the real estate sector with a series of developments across industries. The real estate sector faced multiple challenges due to reverse migration, stoppage of work, travel restrictions and less disposable income with potential buyers. However, the recovery has been a positive one, to say the least with profitable sales growth in the residential front due to the festive season, attractive schemes, and the consumers’ assertive outlook to restart looking for homes. Moreover, government reforms like reduction in stamp duty, the extension of the project completion deadline, RBI Monetary Policy Committee’s decision to extend the co-lending scheme for NBFCs and HFCs led the industry on the path of recovery and boosted market sentiment further.

We are optimistic about the amendments and wish the budget addresses some of the critical issues, such as:
· Speeding up infrastructure development to improve connectivity to various emerging micro-markets.
· GST waiver on under-construction projects for under-construction residential development
· Ease in the cash flow and capital generation options that will support the developers to complete the construction working in time

News

Budget 2021 will be crucial for the real estate sector with a series of developments across industries

Jan 8, 2021 by Rekha Nair 0 Comments #Ashwin Sheth Group, #Director, #Mr Chintan Sheth

– Mr. Chintan Sheth, Director, Ashwin Sheth Group

The real estate sector faced multiple challenges due to reverse migration, stoppage of work, travel restrictions and less disposable income with potential buyers. However, the recovery has been a positive one, to say the least with profitable sales growth in the residential front due to the festive season, attractive schemes, and the consumers’ assertive outlook to restart looking for homes. Moreover, government reforms like reduction in stamp duty, the extension of the project completion deadline, RBI Monetary Policy Committee’s decision to extend the co-lending scheme for NBFCs and HFCs led the industry on the path of recovery and boosted market sentiment further.

We are optimistic about the amendments and wish the budget addresses some of the critical issues, such as:
·         Speeding up infrastructure development to improve connectivity to various emerging micro-markets.
·         GST waiver on under-construction projects for under-construction residential development
·         Ease in the cash flow and capital generation options that will support the developers to complete the construction working in time  

Business World

Ashwin Sheth Group clocks over INR 250 Cr of sales in 3 months

Oct 14, 2020 by Gouri Achary 0 Comments #Ashwin Sheth Group, #Mr Chintan Sheth, #Mr Piyush Chawla –, #Raintresting Deals’

Ashwin Sheth Group, one of the prominent real estate developers in Mumbai and Thane, received an overwhelming response in Q2FY21 with a total sales revenue of over INR 250 Cr for their ongoing residential projects Sheth Montana Mulund, Sheth Zuri Thane, Sheth Avalon Thane & Sheth Midori Dahisar.

With the overall sentiment and market opening up, significant traction was witnessed in Mulund, one of the most desirable micro-markets in the MMR region, followed by Thane and Dahisar. Considering the current situation, it is imperative that the homebuyers decision to mitigate any future hardships to their family and opt for a bigger configuration house at a ready-to-move project that fulfils the need of a home, office or an isolation room in case of an emergency. Last 3 months saw consumers seeking to upgrade to their aspirational homes, move out of the rented apartments and NRIs lapped up the ready to move 2 & 3 BHK configuration homes.

On achieving the milestone, Mr Chintan Sheth, Director, Ashwin Sheth Group said, “We are delighted to see such a great response for our projects in Mulund, Thane and Dahisar. Our performance in the last quarter will make a significant difference in how we approach our next steps. Gaining buyers’ confidence is of utmost importance to us, so by delivering quality construction along with the government’s adequate policy amendments, and that reciprocating into sales is a testimony of our efforts. With so much uncertainty around us today, buyers are looking for ready properties to invest in, and that proved as an advantage for us with three of our ongoing projects at Ready-To-Move-in-Soon category.”

On the success of the campaign, Mr Piyush Chawla – VP Sales & Marketing, Ashwin Sheth Group said, “Our aim was to understand the sentiments of the consumer and offer deals that best suited their needs at such trying times. With over 2000 site visits through various digital platforms showcases the success of our ‘Raintresting Deals’ campaign that will set the tone for all our near future promotions. Equal credit goes to the reduction in Stamp Duties and interest rates also being at their lowest in the last decade.”

‘Raintresting Deals’, an umbrella campaign which offered consumers lowest price guaranteed, refundable booking fees, minimal booking amount of Rs. 51,000, No GST, book and move in 2020, was successfully implemented. Positive reinforcement in the form of COVID Insurance and the 5:95 subvention scheme grabbed the consumer’s attention which provided a much-needed boost to the residential segment.