Man Infraconstruction Secures IOA for ₹1000+ Crore Ultra-Luxury Project in Bandra
Man Infraconstruction Limited has secured the Intimation of Approval (IOA) for its ultra-luxury sea-view residential development, 'Berkeley House', in Bandra West, Mumbai. The project has an expected Gross Development Value (GDV) of over ₹1,000 crore. The company is confident of launching the project in FY27.
The announcement pertains to a significant project with a GDV exceeding ₹1,000 crore, which is expected to contribute substantially to the company's portfolio and future revenue.
The company has secured a key approval for a high-value project, indicating positive business development and future revenue potential.
Man Infraconstruction Limited (MICL Group) has announced the securing of the Intimation of Approval (IOA) for its ultra-luxury sea-view residential development located off Bandstand, Bandra West, Mumbai.
The project, to be named ‘Berkeley House’ (The One & Only) under the MS Collection Residences vertical, is expected to have a Gross Development Value (GDV) of over ₹1,000 crore. This approval marks a significant milestone, enabling MICL Group to proceed with site preparation and project launch.
Mr. Manan Shah, Managing Director, MICL Group, stated that the company is confident of launching Berkeley House in FY27, as previously guided. Bandra continues to be a highly aspirational residential destination in Mumbai, with limited availability of quality developments commanding premium pricing.
MICL Group's Bandra portfolio now comprises Artek Park at BKC, a recently launched project at Pali Hill, and the new Berkeley House. The combined GDV of their Bandra portfolio is over ₹2,350 crore. MICL Group holds approximately a 70% stake in the Berkeley House project.
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Man Infraconstruction Limited filed this with the NSE as a statutory disclosure, categorised under other corporate actions. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Man Infraconstruction Limited. Read the original for the full detail.