MICL Bags ₹1,000 Cr Ultra-Luxury Project Near Bandstand

Man Infraconstruction (MICL Group) has acquired an ultra-luxury sea-view residential project near Bandstand under its MS Collection Residences vertical, branded as “The One & Only.”

The project, with an estimated gross development value (GDV) exceeding ₹1,000 crore, is aimed at the premium luxury housing segment and is expected to further strengthen Man Infraconstruction’s presence in Mumbai’s Bandra market. The acquisition marks the company’s third luxury residential development in Bandra, alongside Artek Park and an upcoming ultra-luxury project at Pali Hill.

Man Infraconstruction will hold an approximate 70 per cent stake in the Bandstand project, which spans more than 30,000 square feet of prime real estate. With this addition, the company’s combined Bandra portfolio now carries a GDV of over ₹2,350 crore.

The development is currently progressing through regulatory approvals, including the Intimation of Disapproval (IOD), ahead of its official launch. Overall, MICL’s real estate portfolio has expanded to a GDV of more than ₹18,575 crore, while its FY27 project launch pipeline has grown to nearly ₹6,600 crore, marking the largest pipeline in the company’s history.

news by Rahul Yelligetti.