MICL Group delivers two 47 storey tall residential towers in 'Atmosphere O2' project located in Mulund West, Mumbai

Commenting on this development, Mr. Manan P. Shah, Managing Director said, "We are happy to announce to have received an Occupancy certificate for two out of the three residential towers of our "Atmosphere O2" project located at Mulund west, Mumbai. We are also excited to inform our shareholders that the project is nearly 90% sold out as on today. The project which was launched on November-2019, measures approximately 7.1 lakh square feet of Rera carpet area and 18.6 lakh sq. ft. of construction area, with over 800 dream homes and over 350 offices/shops having three tall 47 storey residential towers and a 18 storey commercial tower.

The company takes pride in delivering Tower 'D' and Tower 'E' of this project comprising of approximately 3.6 lakh square feet carpet area, in a record time of less than 4 years to our customers, the possession of which will be starting from October-2023 onwards. We are in process of delivering another 3.5 lakh sq. ft. of carpet area comprising of the residential Tower 'F' and the commercial tower 'The Gateway' in near future. I express my sincere gratitude to each of our team member who were part of this journey."

Man Infraconstruction Limited is executing this project as well as owns 17.5% equity stake in this project.

Shares of Man Infraconstruction Limited was last trading in BSE at Rs. 151.85 as compared to the previous close of Rs. 155.10. The total number of shares traded during the day was 142124 in over 2770 trades.

The stock hit an intraday high of Rs. 156.90 and intraday low of 151.10. The net turnover during the day was Rs. 21841695.00.

Source : Equity Bulls

Keywords

ManInfraconstruction INE949H01023 MICLGroup OccupancyCertificate ResidentialTowers AtmosphereO2 MulundWest Mumbai