Pursuant to Regulation of SEBI LODR Regulations, 2015, please find enclosed Press Release titled "MICL Group acquires Ultra-Luxury Sea View Residential Development off Bandstand, Bandra ....
MANINFRA · price
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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, to be positioned as 'The One & Only' under the MS Collection Residences vertical, has an estimated GDV of over ₹1,000 crores. MICL will hold approximately 70% stake in the project. The site spans over 30,000 sq. ft. and has applied for its IOD, with approvals in progress. With this acquisition, MICL's Bandra portfolio (including Artek Park at BKC and Pali Hill project) reaches a combined GDV of ₹2,350+ crores. The company's total real estate portfolio stands at over ₹18,575 crores, and the FY27 launch pipeline has expanded to nearly ₹6,600 crores — the largest in the company's history.
The acquisition deepens MICL's presence in Bandra, one of Mumbai's most supply-constrained and premium residential micro-markets, and significantly scales up its launch pipeline ahead of FY27. The 70% stake structure keeps capital deployment moderate while maintaining majority control.