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Corporate News
06-Jun-23
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Man Infraconstruction bags landmark cluster development project in Mumbai
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With saleable carpet area of approx. 4 lakh sq. ft. and revenue potential of Rs 1200 cr in next 4 years
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Man Infraconstruction announced that its subsidiary, MICL Creators LLP, wherein the company holds 60% partnership interest, has
acquired development rights from 10 (Ten) adjoining Societies; all located at Ratilal B. Mehta Road (60 Feet Road), Ghatkopar (East), Mumbai, Maharashtra. This cluster development project has saleable carpet area of approx. 4 lakh sq. ft. with a potential to generate revenue of Rs. 1200 crore in next 4 years.
Commenting on this development, Manan P. Shah, Managing Director
said, "We proudly announce this latest addition to our portfolio - an extraordinary grandiose development that epitomizes elegance and exclusivity. This landmark cluster redevelopment under Regulation 33(9) of the new development regulations encompasses a saleable carpet area of 4 lakh sq. ft. which will set new standards in opulent living. The total construction area of 13 lakh sq. ft. to be undertaken by Man
Infraconstruction is expected to complete within 3.5 to 4 years; showcasing our commitment to timely excellence. This development will reflect a realm of community living and green living. Our unwavering commitment to craftsmanship and attention to detail will establish this development as an icon of grandeur and sophistication. This
acquisition aligns with our asset-light strategy, strengthening our financial position. With our expertise in construction and development, we are excited to create an iconic masterpiece that will stand the test of time."
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