+
MICL Group's associate company to redevelop 10-acre project
Real Estate

MICL Group's associate company to redevelop 10-acre project

In a BSE filing, Royal Netra Constructions (RNCPL), a subsidiary of Man Infraconstruction (MICL Group), announced plans to reconstruct a project in the western suburbs of Mumbai with the potential to earn Rs. 4,000 crores in revenue over the following five years.
"The aforementioned project is spread over a 10-acre land parcel and will witness one of the largest redevelopments in the Mumbai market," the company's managing director Manan P. Shah stated.
The project has the potential to have a total construction area of more than 50 lakh square feet and a carpet area for sale of 1.7 million square feet. Within five to six years, it's supposed to be finished.
This transaction will improve our financial situation going forward, according to Shah, and it is in line with our asset-light strategy.
With this most recent addition, the real estate portfolio of MICL Group will grow from 4.6 million square feet to 6.3 million square feet of carpet area.

In a BSE filing, Royal Netra Constructions (RNCPL), a subsidiary of Man Infraconstruction (MICL Group), announced plans to reconstruct a project in the western suburbs of Mumbai with the potential to earn Rs. 4,000 crores in revenue over the following five years.The aforementioned project is spread over a 10-acre land parcel and will witness one of the largest redevelopments in the Mumbai market, the company's managing director Manan P. Shah stated.The project has the potential to have a total construction area of more than 50 lakh square feet and a carpet area for sale of 1.7 million square feet. Within five to six years, it's supposed to be finished.This transaction will improve our financial situation going forward, according to Shah, and it is in line with our asset-light strategy.With this most recent addition, the real estate portfolio of MICL Group will grow from 4.6 million square feet to 6.3 million square feet of carpet area.

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