Corporate News     06-Jun-23
Man Infraconstruction bags landmark cluster development project in Mumbai
With saleable carpet area of approx. 4 lakh sq. ft. and revenue potential of Rs 1200 cr in next 4 years
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."

Previous News
  Man Infraconstruction consolidated net profit declines 2.05% in the December 2023 quarter
 ( Results - Announcements 05-Feb-24   14:30 )
  Man Infraconstruction bags prime redevelopment project in BKC
 ( Corporate News - 10-Jun-24   12:11 )
  Man Infraconstruction standalone net profit declines 55.52% in the December 2023 quarter
 ( Results - Announcements 05-Feb-24   14:16 )
  Man Infraconstruction fixes record date for interim dividend
 ( Market Beat - Reports 11-Nov-22   09:42 )
  Man Infraconstruction Ltd leads losers in 'A' group
 ( Hot Pursuit - 24-Jun-22   15:00 )
  Man Infraconstruction consolidated net profit rises 6.28% in the September 2018 quarter
 ( Results - Announcements 19-Nov-18   17:08 )
  Man Infraconstruction bags order worth Rs 937.89 cr
 ( Corporate News - 13-Apr-22   14:42 )
  Man Infra edges higher after bagging redevelopment contract for BKC-based residential project
 ( Hot Pursuit - 10-Jun-24   13:50 )
  Man Infraconstruction consolidated net profit declines 28.27% in the June 2018 quarter
 ( Results - Announcements 15-Aug-18   13:43 )
  Man Infraconstruction consolidated net profit declines 52.15% in the September 2022 quarter
 ( Results - Announcements 11-Nov-22   08:36 )
  Man Infraconstruction to declare Quarterly Result
 ( Corporate News - 27-Jan-23   11:08 )
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