Acquisitions18 May 2026, 10:57 am
MICL Group Acquires Bandra Project, ₹1,000+ Cr GDV
AI Summary
Man Infraconstruction Limited's MICL Group has acquired an ultra-luxury sea-view residential development off Bandstand, Bandra West, Mumbai. This acquisition strengthens MICL Group’s presence in the premium micro-market. The project is expected to have a Gross Development Value (GDV) of ₹1,000+ crores and will be positioned as ‘The One & Only’ within MICL's MS Collection Residences. MICL Group will hold ~70% stake in the project. With this acquisition, MICL Group’s total real estate portfolio stands at an estimated GDV of over ₹18,575+ crores.
Key Highlights
- MICL Group acquires ultra-luxury residential project in Bandra West.
- The project has an estimated Gross Development Value (GDV) of ₹1,000+ crores.
- MICL Group will hold approximately 70% stake in the project.
- MICL's total real estate portfolio now exceeds ₹18,575+ crores in GDV.
- Launch pipeline for FY27 has expanded to nearly ₹6,600+ crores.
Price Impact
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