Corporate News     22-Mar-24
Man Infraconstruction announces ultra-luxury project in Marine Lines, Mumbai
With a revenue potential of Rs 2,100 crore
Man Infraconstruction (MICL) announced that its ultra-luxurious project at Marine Lines, South Mumbai. The project is set to become yet another tallest residential structures in India to be done by MICL group surpassing the height of above 800 feet.

With the total construction area of approximately 22 lakh square feet offering a RERA carpet area of around 5.3 lakh square feet for sale, the project is expected to generate total sales value of above Rs. 2,100 crore. The project is executed under the company's asset-light Development Management (DM) model with a Letter of Intent (LOI) from Shreepati Zaoba Housing LLP.

MICL is poised to achieve an expected Profit Before Tax of Rs. 400+ crore from this project. This shall comprise of the DM fees, Project Management Consultancy (PMC) fee on construction and an interest income on the initial investment made by the company in the project.

Previous News
  Man Infraconstruction standalone net profit declines 55.52% in the December 2023 quarter
 ( Results - Announcements 05-Feb-24   14:16 )
  Man Infraconstruction announces incorporation of JV in Florida, US
 ( Corporate News - 02-Jul-24   14:36 )
  Man Infraconstruction receives upgrade in credit ratings for bank facilities
 ( Corporate News - 18-Aug-21   12:01 )
  Man Infraconstruction JV to launch real estate development project 'Insignia' in Mumbai
 ( Corporate News - 12-Mar-21   09:35 )
  Man Infraconstruction incorporates subsidiary - MICL Estates LLP
 ( Corporate News - 27-Dec-21   11:13 )
  Man Infraconstruction consolidated net profit declines 10.21% in the September 2017 quarter
 ( Results - Announcements 14-Nov-17   15:57 )
  Man Infraconstruction standalone net profit rises 54.44% in the December 2017 quarter
 ( Results - Announcements 13-Feb-18   17:48 )
  Man Infraconstruction jumps after board OKs stock split
 ( Hot Pursuit - 26-Jun-14   11:18 )
  Man Infraconstruction net profit declines 34.25% in the December 2012 quarter
 ( Results - Announcements 12-Feb-13   08:56 )
  Man Infraconstruction director resigns
 ( Corporate News - 11-Aug-23   11:05 )
  Man Infraconstruction recommends final dividend
 ( Corporate News - 26-May-10   09:09 )
Other Stories
  Jyoti Structures to conduct board meeting
  06-Jul-24   09:35
  New Light Apparels to declare Quarterly Result
  06-Jul-24   09:34
  Geojit Financial Services to convene board meeting
  06-Jul-24   09:34
  VIP Clothing announces board meeting date
  06-Jul-24   09:34
  Elitecon Intl. to conduct board meeting
  06-Jul-24   09:34
  Gautam Gems to announce Quarterly Result
  06-Jul-24   09:34
  Everest Industries schedules AGM
  06-Jul-24   09:33
  Family Care Hospitals to conduct board meeting
  06-Jul-24   09:33
  Infomedia Press to declare Quarterly Result
  06-Jul-24   09:33
  Mishtann Foods to table results
  06-Jul-24   09:33
Back Top