New Launch24 Feb 2026, 02:24 pm
MICL Group Receives IOD for Ultra-Luxurious Pali Hill Project in Bandra, Mumbai
AI Summary
Man Infraconstruction Limited (MICL Group) has announced that it has received an Intimation of Disapproval (IOD) from local municipal authorities for the redevelopment of Virgo CHS Limited, located at Pali Hill in Bandra (West), Mumbai. This is a significant milestone for the project, which is expected to be a benchmark ultra-luxury address in one of Mumbai's most distinguished residential enclaves. The project, estimated to have a sale potential exceeding INR 500 crore, will be developed through Atmosphere Homes LLP, an associate entity of MICL in which MICL Group holds an approximately 34% stake.
Key Highlights
- MICL Group receives IOD for the redevelopment of Virgo CHS Limited at Pali Hill, Bandra (West), Mumbai.
- The project is expected to be a benchmark ultra-luxury address in one of Mumbai's most distinguished residential enclaves.
- The residential site has been fully vacated and will undergo demolition, followed by construction activities.
- The project is in the process of obtaining other requisite approvals.
- The project has an estimated sale potential exceeding INR 500 crore.