74 Storeys, ₹2800 Crore GDV: YM Infra, Ashwin Sheth Group Expand South Mumbai Portfolio

POSTED BY:- Poonam S. Juthani
DT:-21/02/2026
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Mumbai, 19th January 2026 — In a landmark announcement for South Mumbai’s real estate market, YM Infra, in strategic association with the Ashwin Sheth Group, unveiled One Marina, a 74‑storey luxury residential development in Marine Lines. Spanning approximately 1.5 million sq. ft. of total development area and with an estimated Gross Development Value (GDV) of ₹2800 crore, the project is poised to be the tallest residential tower in its immediate micro‑market and a defining addition to the premium housing demand in the island city.

With limited large‑format launches in South Mumbai in recent years, the scale and ambition of One Marina mark a notable shift in the area’s development trajectory. The project promises lifelong unobstructed views of the Arabian Sea, positioning itself as a rare offering in one of Mumbai’s most tightly held residential pockets.

Project Highlights

One Marina will comprise residences across 2, 3, and 4‑bedroom configurations, along with duplexes and penthouses, with indicative ticket sizes ranging from ₹7 crore to ₹45 crore. Designed with a low‑density layout of approximately six residences per floor, the tower emphasizes exclusivity and privacy while maximizing efficiency in vertical circulation.

A defining design decision ensures that 95% of apartments are oriented towards the Arabian Sea, offering expansive, uninterrupted views. Positioned at 131 feet above sea level, the first habitable floor enhances privacy and unlocks panoramic vistas, reinforcing the project’s premium positioning. Inspired by New York’s Billionaire’s Row, luxury amenities will occupy the 69th and 70th floors, creating a unique lifestyle experience at soaring heights.

Leadership Perspectives

Suhail Yakub, Chairman of YM Infra Group, stated, “Our vision for One Marina was never just about creating a luxury address, but about demonstrating how legacy land parcels in South Mumbai can be reimagined into transformative, world‑class developments. One Marina is more than a residential tower – it is a symbol of regeneration, resilience, and responsible development that elevates both community and lifestyle.”

Atif Yakub, Managing Director of YM Infra Group, added, “The journey of One Marina reflects YM Infra’s core strength – identifying potential where others see limitations and executing with precision to convert opportunities into landmark realities. This project offers a rare opportunity to introduce vertical scale with strong long‑term value creation, reinforcing our commitment to sustainable growth for stakeholders, residents, and the city at large.”

Ashwin N. Sheth, Chairman and Managing Director of Ashwin Sheth Group, remarked, “One Marina reflects our continued focus on landmark developments and a return to South Mumbai after Beaumonde and Cnergy. With over four decades of delivery experience across the MMR, we approach this project with a clear emphasis on design integrity, disciplined execution, and long‑term value creation.”

Design and Technical Excellence

Architectural design is being led by ARK by Reza Kabul Architects, overseeing architecture and master planning. Landscape design is managed by Site Concepts International, Philippines, while structural consultancy is provided by Mahimtura Consultants and MEP consultancy by PDA Associates.

Global experts Kvant Lasers have been engaged to enhance the architectural illumination of the skyscraper, ensuring One Marina becomes a striking addition to Mumbai’s waterfront skyline. The tower’s fully glazed façade integrates high‑performance energy glass, enhancing thermal efficiency while preserving panoramic views.

The project also addresses critical infrastructure requirements, with 722 parking spaces distributed across eight podium levels and two basement levels, reflecting thoughtful planning in South Mumbai’s dense urban fabric.

Strategic Collaboration

The launch formalizes the strategic association between YM Infra, whose leadership has focused on expansion within high‑value, supply‑constrained luxury micro‑markets, and the Ashwin Sheth Group, a developer with over four decades of experience across the Mumbai Metropolitan Region. The collaboration brings together execution capability, brand equity, and growth capital at a time when South Mumbai continues to witness selective but high‑impact residential launches.

Marine Drive and Marine Lines remain tightly held residential pockets with limited redevelopment opportunities, making vertical scale and full sea frontage key differentiators in value creation.

About YM Infra Group

YM Infra Group is a Mumbai‑based real estate development platform with nearly two decades of experience in premium residential and mixed‑use projects across high‑entry‑barrier urban micro‑markets. Focused on strategic redevelopment and land aggregation within South and Central Mumbai, the Group has built a reputation for unlocking value through disciplined capital deployment and structured execution.

With approximately 2.5 million sq. ft. under development, six active projects, and over 2,100 residences underway, YM Infra continues to strengthen its presence in established neighborhoods such as Mazgaon, Mumbai Central, and Marine Lines. The company emphasizes regulatory integrity, financial prudence, design efficiency, and timely delivery, positioning itself as a governance‑led player in Mumbai’s premium real estate segment.

About Ashwin Sheth Group

Founded in 1986 by Ashwin Sheth, the Ashwin Sheth Group is a Mumbai‑based real estate developer renowned for design excellence, meticulous planning, and unwavering commitment to quality. With over 80 landmark projects across Mumbai and Dubai, including Viviana Mall, Iris Bay, Cnergy, BeauMonde, and Montana, the Group has delivered more than 40 million sq. ft. of space and provided homes to over 35,000 families.

Recognized for its commitment to excellence, the Group has received several prestigious awards, including Luxury Project of the Year – Sheth Avalon (Fortune Leadership Awards, 2024), Luxury Residential Development (International Realty Awards Asia, 2024), and Luxury Project of the Year – Sheth Avalon (Global Real Estate Congress, 2020). With over 10 million sq. ft. under development, the Ashwin Sheth Group continues to set benchmarks in luxury living and integrated communities.

Conclusion

The launch of One Marina on 19th January 2026 marks a significant milestone in South Mumbai’s real estate landscape. With its 74 storeys, ₹2800 crore GDV, and world‑class design, the project is set to redefine luxury living in Marine Lines.

By combining YM Infra’s strategic vision with Ashwin Sheth Group’s execution expertise, One Marina promises to deliver not just residences, but a transformative lifestyle experience that elevates Mumbai’s skyline and sets new benchmarks in premium housing.