Man Infraconstruction Limited (MICL Group) has announced the acquisition of an ultra-luxury residential development located off Bandstand, Bandra West, Mumbai. With an estimated Gross Development Value (GDV) of ₹1,000+ crores, this project represents the company’s third landmark acquisition in this prime micro-market. The development, to be branded under the ‘MS Collection Residences’ vertical, further strengthens the company’s real estate portfolio and launch pipeline for FY27.
Strategic Expansion in Bandra
MICL Group continues to deepen its presence in one of Mumbai’s most prestigious and supply-constrained real estate markets. The company has officially acquired a new project site off Bandstand, Bandra West, spanning a plot area of over 30,000 sq. ft. This acquisition is part of a focused strategy to capture the premium luxury segment, following the success of previous ventures in the area.
Project Details and Market Impact
The new project, which has already applied for its Intimation of Disapproval (IOD), is expected to generate a GDV of ₹1,000+ crores. It will be positioned as ‘The One & Only’ under the company’s exclusive MS Collection Residences vertical. Manan Shah, representing the leadership team, noted that this acquisition brings the combined GDV of their Bandra portfolio—which includes Artek Park at BKC and the Pali Hill development—to over ₹2,350+ crores.
Growth and Portfolio Outlook
Following this latest acquisition, MICL Group’s total real estate portfolio now stands at an estimated GDV of over ₹18,575+ crores. The company also reported a significant expansion in its launch pipeline for FY27, which has now reached nearly ₹6,600+ crores, marking the largest pipeline in the company’s history. MICL Group will maintain a ~70% stake in the development of the new off-Bandstand project.
Source: BSE
