Man Infraconstruction Limited announced the acquisition of the ultra-luxury sea-view residential development on Monday, 18 May. The Man Infraconstruction Bandra Bandstand project will add an estimated Gross Development Value (GDV) of over 1,000 INR-Crore to the company’s portfolio in Mumbai.
The development will be positioned under the company’s “MS Collection Residences” vertical. It will cater to the premium luxury housing segment with boutique sea-view residences. The project site spans over 30,000 SqFt. Additionally, MICL Group will hold around 70% stake in the development. The company has already applied for the Intimation of Disapproval (IOD) for the project.
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The Man Infraconstruction Bandra Bandstand project will strengthen the company’s presence in Mumbai’s premium residential micro-market. It will also expand the group’s luxury housing portfolio in Bandra West.
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