Man Infraconstruction Shares In Green After Buying Sea-Facing Residential Project

Man Infraconstruction on Friday announced that it has bagged an ultra-luxurious project at Marine Lines in South Mumbai, with an expected total sales value of above Rs 2100 crore. The project has a total construction area of around 22 lakh sqft offering a RERA carpet area of around 5.3 lakh sqft for sale.

The company said in an exchange filing that, "It is set to become yet another tallest residential structure in India to be done by MICL group surpassing the height of above 800 feet. With a proven track record of delivering all its 16 projects before time, MICL group intends to deliver this project in a span of 5 years from launch date".

"The project is executed under our asset-light Development Management (DM) model and we have secured a Letter of Intent (LOI) from Shreepati Zaoba Housing LLP," it said.

Manan P Shah, Managing Director, said, "We are extremely pleased to announce the arrival of the uber-luxurious sea-facing property near Marine Lines. This project is poised to redefine Mumbai's skyline, offering an unparalleled view of the ocean to a select few. The Marine Lines project is expected to exceed 800 feet in height and will feature a range of ultra-luxurious amenities, promising to set a new standard for lifestyle and living in South Mumbai."

Recently, the company announced early delivery of Aaradhya Highpark - Towers E & F, a residential project near Dahisar at Mira Road, has put the company's shares of Man Infraconstruction Limited (MICL) in the spotlight and established a new standard for prompt completion and high-quality construction. With the completion of the final two towers in "Aaradhya Highpark," the group has completed six residential towers and one commercial tower, "Aaradhya Primus," totalling over 1,300 apartments, including shops, in a record time.

With projects spread throughout India, Maninfra has five decades of expertise in the EPC industry and excellent execution abilities in the residential, commercial & industrial, port, and highway construction segments. Maninfra Group is a well-known Real Estate Developer in Mumbai that has completed several residential projects on schedule and with excellent construction standards.