MICL Group, through Man Infraconstruction Limited, has announced the acquisition of an ultra-luxury sea-view residential development located off Bandstand in Bandra West, Mumbai. The project carries an estimated Gross Development Value (GDV) of over ₹1,000 crore and further reinforces the company’s presence in one of Mumbai’s most premium and tightly held residential micro-markets.
Commenting on the development, Manan Shah said: “MICL Group has further strengthened its presence in Bandra with its third luxury residential acquisition in the micro-market. With this acquisition, our Bandra portfolio — comprising the recently launched Artek Park at BKC, the upcoming ultra-luxury project at Pali Hill, Bandra West, and our latest acquisition — together represents a combined Gross Development Value (GDV) of ₹2,350+ crores, reflecting our focused strategy of deepening our presence in premium micro-markets with sustained absorption
Strategically located off Bandstand, Bandra West, the newly acquired project is expected to have an estimated GDV of ₹1,000+ crores and will be positioned as ‘The One & Only’ within our MS Collection Residences vertical, a boutique sea-view residential offering catering to the premium luxury segment.
Bandra continues to remain one of Mumbai’s most aspirational and supply-constrained residential destinations, supported by sustained end-user demand and strong pricing resilience. Spread across a plot area of over 30,000 sq. ft., the project has applied for its IOD and is currently progressing through the approval process ahead of launch.
With this addition, MICL Group’s total real estate portfolio now stands at an estimated GDV of over ₹18,575+ crores, while the launch pipeline for FY27 has expanded to nearly ₹6,600+ crores, the largest launch pipeline in the Company’s history.”
MICL Group shall hold ~70% stake in the newly acquired off-Bandstand, Bandra West project.
