Man Infracon’s MICL Group acquires ultra-luxury Bandra West project with ₹1,000 crore GDV

Man Infraconstruction Limited on Monday announced that its MICL Group has acquired an ultra-luxury sea-view residential development project located off Bandstand in Bandra West, Mumbai, with an estimated gross development value (GDV) of over ₹1,000 crore.

According to the company’s press release, the acquisition further strengthens MICL Group’s presence in Bandra, one of Mumbai’s most premium and tightly held residential micro-markets.

The company said the newly acquired project will be positioned as “The One & Only” within its MS Collection Residences vertical, targeting the premium luxury housing segment.

Commenting on the development, Manan Shah said the acquisition marks MICL Group’s third luxury residential acquisition in the Bandra micro-market. He added that the company’s Bandra portfolio, including the recently launched Artek Park at BKC, the upcoming ultra-luxury project at Pali Hill, and the latest acquisition, now represents a combined gross development value of ₹2,350 crore.

The project is spread across a plot area of over 30,000 square feet and has applied for its intent of disapproval (IOD). The company said the project is currently progressing through the approval process ahead of launch.

MICL Group also stated that with the latest acquisition, its overall real estate portfolio now stands at an estimated GDV of more than ₹18,575 crore, while its FY27 launch pipeline has expanded to nearly ₹6,600 crore, described as the largest launch pipeline in the company’s history.

The company added that MICL Group will hold around a 70% stake in the newly acquired Bandra West project.

Bandra West continues to remain one of Mumbai’s most sought-after luxury residential markets due to limited supply, sustained end-user demand and strong pricing resilience, particularly in premium sea-facing developments.

Disclaimer: This article is for informational purposes only and should not be construed as investment advice.