MICL Group acquires prime redevelopment project at BKC

Man InfraConstruction Ltd. | Engineering - Construction | Construction & Infrastructure | BSE: 533169 | NSE: MANINFRA

10 Jun 2024 Evaluate

Man Infraconstruction (MICL) Group has acquired a prime redevelopment project at Bandra Kurla Complex (BKC). The project marks MICL's strategic move into premium redevelopment projects in sought-after locations.

This prestigious project of MICL Group is a redevelopment of Artek Co-operative Housing Society (Society), in Kalanagar area situated at BKC. BKC, known for hosting a number of multinational corporations, financial institutions, and government offices, is attracting many professionals, entrepreneurs, and investors looking for a premium location to live near their workplace. BKC has transformed into a vibrant residential area, offering a unique and luxurious lifestyle. As demand for high-end homes in Mumbai continues to grow, BKC stands out for its perfect blend of residential living and business prowess. This project's strategic location is set to make it a landmark in Mumbai's foremost commercial district.

The project has a total construction area of approximately 5.0 lakh square feet and offers a RERA carpet area of around 1.5 lakh square feet for sale. With a proven track record of delivering all its 16 projects before time, MICL group intends to deliver this project in a span of 3 years from the launch date. Man Infraconstruction holds 34% stake in the project. The project will be undertaken in one of its associate entity, 'Arhan Homes LLP'. The construction of the property will be executed by Man Infraconstruction.

Man Infraconstruction is an India-based company engaged in the business of civil construction. The company’s operations consist of construction / project activities/real estate activities.

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