Man Infraconstruction Ltd announces redevelopment project at Pali Hill, Bandra West

MICL Group's new venture at Pali Hill, Bandra West, is poised to redefine urban living, transcending the ordinary to embrace the extra ordinary. In this architectural masterpiece, MICL Group's unwavering commitment to perfection and meticulous attention to detail come together seamlessly, promising a truly exceptional living experience. With limited residential apartments, this project offers a rare opportunity to those who understand that luxury is not just a statement but a way of life.

Man Infraconstruction Limited ("the Company") through one of its associate entity wherein it holds 34% stake; will undertake the redevelopment of property belonging to Virgo Co-operative Housing Society Limited, located at Pali Hill, Bandra (West), Mumbai, Maharashtra. This landmark project has potential to offer carpet area for sale of about 50,000 sq. ft. area and is expected to generate total revenue of about Rs. 500 Crores.

Mr. Manan Shah, the Managing Director of MICL Group, expressed his enthusiasm about the recent development, stating, "We take immense pride in seeing how MICL Group has been able to make a significant mark in the Mumbai's real estate space in a short span of time. We are delighted to share the news of our latest luxury development in one of the Mumbai's most sophisticated and affluent neighborhoods. Taking on this redevelopment opportunity, we are strategically expanding our real estate portfolio within the luxury segment, responding to the great demand and absorption in this segment.

This development aligns with our strategic priority of expanding our presence in real estate. I congratulate the entire team for achieving this remarkable feat."

Shares of Man Infraconstruction Limited was last trading in BSE at Rs. 207.75 as compared to the previous close of Rs. 209.80. The total number of shares traded during the day was 44458 in over 917 trades.

The stock hit an intraday high of Rs. 213.20 and intraday low of 207.05. The net turnover during the day was Rs. 9302912.00.

Source : Equity Bulls

Keywords

ManInfraconstruction INE949H01023 RedevelopmentProject PaliHill BandraWest