Man Infraconstruction Limited has acquired another project in South Mumbai. This ultra-luxurious project at Marine Lines shall be another prestigious addition to MICL's real estate portfolio in South Mumbai. It is set to become yet another tallest residential structures 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. With the total construction area of approximately 22 million square feet offering a RERA carpet area of around 5.3 million square feet for sale, the project is expected to generate total sales value of above INR 2,100 million. The project is executed under asset-light Development Management (DM) model and have secured a Letter of Intent (LOI) from Shreepati Zaoba Housing LLP.

MICL is poised to achieve an expected Profit Before Tax of INR 400+ million from this project. This shall comprise of the DM fees, Project Management Consultancy (PMC) fee on construction and an interest income on the initial investment made by the company in the project.