Man Infraconstruction Limited (MICL Group) has announced the acquisition of an ultra-luxury sea-view residential development located off Bandstand in Mumbai’s prime Bandra West locality, further strengthening its footprint in one of the country’s most premium residential micro-markets.
The newly acquired project, strategically located near Bandstand, Bandra West, is expected to generate an estimated Gross Development Value (GDV) of more than ₹1,000 crore. The development will be positioned under MICL Group’s premium “MS Collection Residences” vertical and is expected to cater to the ultra-luxury housing segment with boutique sea-view residences.
According to the company, MICL Group will hold nearly 70% stake in the project.
Commenting on the acquisition, Manan Shah said the deal marks MICL Group’s third luxury residential acquisition in the Bandra micro-market, reinforcing the company’s strategy of deepening its presence in high-demand and supply-constrained premium locations.
He added that MICL Group’s Bandra portfolio — including the recently launched Artek Park at BKC, the upcoming ultra-luxury residential project at Pali Hill, Bandra West, and the newly acquired Bandstand development — now represents a combined GDV of over ₹2,350 crore.
The latest Bandra West acquisition spans a plot area of more than 30,000 square feet. The project has already applied for Intimation of Disapproval (IOD) approval and is currently progressing through the regulatory approval process ahead of launch.
Bandra West continues to remain one of Mumbai’s most aspirational residential destinations, driven by strong end-user demand, limited premium housing supply, and resilient property prices. The locality has consistently attracted luxury homebuyers and investors due to its prime coastal location, connectivity, and premium lifestyle offerings.
With this acquisition, MICL Group’s total real estate portfolio has expanded to an estimated GDV of over ₹18,575 crore. The company also stated that its FY27 launch pipeline has now increased to nearly ₹6,600 crore, marking the largest launch pipeline in its history.