+
MICL Group Acquires Ultra-Luxury Sea View Residences in Bandra
Real Estate

MICL Group Acquires Ultra-Luxury Sea View Residences in Bandra

Man Infraconstruction Limited, operating as MICL Group, has acquired an ultra-luxury sea view residential development off Bandstand in Bandra West, Mumbai. The group stated the project forms part of its MS Collection Residences vertical and will target the premium luxury segment. The newly acquired development is estimated to have a GDV of Rs 10 bn plus and sits on a plot area of over 30,000 sq ft. The company has applied for its IOD and is progressing through approvals ahead of launch.

The group indicated the acquisition follows two earlier luxury purchases in the same micro market, including the Artek Park development at BKC and an upcoming project at Pali Hill. Together with the new asset, the Bandra portfolio represents a combined GDV of Rs 23.5 bn plus, the company said, reflecting a strategy of deepening presence in premium micro markets. The statement added that Bandra remains aspirational and supply constrained, supported by sustained end user demand and pricing resilience.

With the acquisition MICL Group's total real estate portfolio GDV now exceeds Rs 185.75 bn plus, while the launch pipeline for FY27 has expanded to nearly Rs 66 bn, marking the largest planned launch programme in the company's history. The group will hold approximately 70 per cent stake in the Bandra project. MICL operates both EPC and real estate development verticals and has highlighted decades of execution experience in construction management. The company said these capabilities underpin its ability to deliver premium residential projects on schedule.

The development will be positioned within the MS Collection Residences as a boutique sea view offering aimed at discerning buyers and is intended to reinforce the group's premium positioning in the micro market. The company said planning and marketing preparations are underway and that approvals will determine the launch timeline. It noted continued interest from end users as a key support for pricing.

Man Infraconstruction Limited, operating as MICL Group, has acquired an ultra-luxury sea view residential development off Bandstand in Bandra West, Mumbai. The group stated the project forms part of its MS Collection Residences vertical and will target the premium luxury segment. The newly acquired development is estimated to have a GDV of Rs 10 bn plus and sits on a plot area of over 30,000 sq ft. The company has applied for its IOD and is progressing through approvals ahead of launch. The group indicated the acquisition follows two earlier luxury purchases in the same micro market, including the Artek Park development at BKC and an upcoming project at Pali Hill. Together with the new asset, the Bandra portfolio represents a combined GDV of Rs 23.5 bn plus, the company said, reflecting a strategy of deepening presence in premium micro markets. The statement added that Bandra remains aspirational and supply constrained, supported by sustained end user demand and pricing resilience. With the acquisition MICL Group's total real estate portfolio GDV now exceeds Rs 185.75 bn plus, while the launch pipeline for FY27 has expanded to nearly Rs 66 bn, marking the largest planned launch programme in the company's history. The group will hold approximately 70 per cent stake in the Bandra project. MICL operates both EPC and real estate development verticals and has highlighted decades of execution experience in construction management. The company said these capabilities underpin its ability to deliver premium residential projects on schedule. The development will be positioned within the MS Collection Residences as a boutique sea view offering aimed at discerning buyers and is intended to reinforce the group's premium positioning in the micro market. The company said planning and marketing preparations are underway and that approvals will determine the launch timeline. It noted continued interest from end users as a key support for pricing.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code