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MICL Group acquires prime redevelopment project in Mumbai

Tuesday, 11 Jun 2024
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Man Infraconstruction (MICL) Group has announced the acquisition of a prime redevelopment project at Bandra Kurla Complex (BKC) in Mumbai, marking its strategic move into premium redevelopment projects.

The redevelopment project of Artek Co-operative Housing Society (Society), in Kalanagar area situated at BKC will be undertaken by one of the Group's associate entity, 'Arhan Homes'. The construction of the property will be executed by Man Infraconstruction, which has executed the development agreement with the Society.

The project has a total construction area of approx. five lakh sq. ft., and offers a RERA carpet area of around 1.5 lakh sq. ft. for the sale. The Group expects to deliver this project in a span of three years from the launch date.

Aligned to the vision of expanding MICL Group's presence in Mumbai region by creating iconic developments which offer a superior living experience, this project will be an opportunity to create a landmark project in the commercial district.

BKC, which hosts multinational corporations, financial institutions, and government offices, attracts many professionals and entrepreneurs looking for a premium location to live near the workplace. It has transformed into a vibrant residential area, offering a luxurious lifestyle.

 

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