Mumbai, 18th May 2026: Man Infraconstruction Limited (“MICL Group”) is pleased to announce the acquisition of an ultra-luxury sea-view residential development located off Bandstand, Bandra West, Mumbai. This acquisition further strengthens MICL Group’s presence in one of Mumbai’s most prestigious 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.

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