Ashwin Sheth in JV unveils ₹650-cr realty project in Nagpur

Real estate builder, Ashwin Sheth Group, has entered into a joint venture with Nagpur-based Sethi Group to develop 1 million sq ft mall at Viviana, Nagpur in the city's south western region near Pratap Nagar. The entire project, which involves an investment of ₹650 crore, includes land's valuation and construction cost. The land parcel is owned by Sethi Group on which other than various retail sub-segments, will also be a substantial space dedicated for entertainment and food & beverage sections as it is located in an up-market commercial street in the western region of Nagpur. Ashwin Sheth, Chairman, Ashwin Sheth Group informed that the strategic move comes in to consolidate Ashwin Sheth Group's portfolio and recreate retail success story in Viviana as well. The proposed largest retail space of the city will be in the neighborhood of the areas of Ramdaspeth, Dharampeth, Dhantoli, Pratap Nagar, Shivaji Nagar and Laxmi Nagar. Aman Sethi, MD, Sethi Group informed that this will be the first large scale retail development in the city where the partners intend to house the best global brands under one roof and become the entry point for many premium national and international brands.