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Stalled skyscraper gets new partner
Mint Bangalore
|June 12, 2025
Ashwin Sheth Group has acquired a 50% stake in a stalled 74-storey luxury residential project in south Mumbai, giving existing lender J.C. Flowers Asset Reconstruction Pvt. Ltd an exit, officials of the real estate developer said, declining to reveal the size of the transaction.
In a two-way strategic deal, Asia-focused investment firm PAG has also committed ₹540 crore of credit finance to the project 'One Marina', located in Marine Lines. The funds will be used for construction of the project, with
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