Man Infraconstruction Limited has informed the Exchange regarding a press release dated May 18, 2026, titled MICL GROUP ACQUIRES ULTRA-LUXURY SEA-VIEW RESIDENTIAL DEVELOPMENT OFF BANDSTAND, BANDRA WEST, MUMBAI WITH ₹ 1,000 + CR GDV"".
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Man Infraconstruction Limited (MICL Group) has announced the acquisition of an ultra-luxury sea-view residential project located off Bandstand, Bandra West, Mumbai. The project has an estimated GDV of ₹1,000+ crores and will be positioned as 'The One & Only' under the MS Collection Residences vertical. MICL Group will hold approximately 70% stake in this project. With this acquisition, MICL's combined Bandra portfolio GDV stands at ₹2,350+ crores across three projects. The total real estate portfolio GDV now exceeds ₹18,575+ crores, with the FY27 launch pipeline expanded to nearly ₹6,600+ crores. The project sits on a plot area of over 30,000 sq. ft. and is currently progressing through the approval process.
This acquisition significantly expands MICL's ultra-luxury residential portfolio in Mumbai's premium Bandra micro-market, strengthening its market position in a supply-constrained location. The ₹1,000+ crores GDV addition and 70% ownership stake are positive for revenue visibility and shareholder value.