MICL Group Acquires Ultra-Luxury Sea View Residences in Bandra

21 May 2026 CW Team

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.

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