MICL Group Acquires Ultra-Luxury Sea-View Residential Development Off Bandstand, Bandra West, Mumbai
Mumbai, May 18, 2026: Man Infraconstruction Limited (MICL Group) today announced the acquisition of a premium ultra-luxury sea-view residential development located off Bandstand in Bandra West, Mumbai. This latest acquisition significantly strengthens the MICL Group's presence in one of Mumbai's most competitive and high-demand residential markets.The newly acquired project, which is slated to be part of the 'MS Collection Residences' vertical, is positioned as a boutique sea-view residential offering catering to the premium luxury segment. Situated off Bandstand, Bandra West, the development is spread across a plot area exceeding 30,000 sq. ft. The project has applied for its IOD and is currently advancing through the necessary approval process ahead of its launch.
According to comments from Manan Shah, the acquisition marks the third luxury residential acquisition for the MICL Group within the Bandra micro-market. Shah stated that the combined Gross Development Value (GDV) of the Group's Bandra portfolio, which also includes the recently launched Artek Park at BKC and an upcoming ultra-luxury project at Pali Hill, Bandra West, now totals ₹2,350+ crores.
The newly acquired off-Bandstand property itself has an estimated GDV of ₹1,000+ crores. MICL Group plans to hold approximately 70% stake in this Bandra West project.
The company noted that Bandra continues to be an aspirational and supply-constrained residential destination, bolstered by sustained end-user demand and strong price resilience.
The acquisition significantly bolstered the company’s overall real estate footprint and launch pipeline:
| Metric | Value |
|---|---|
| Estimated Total Real Estate Portfolio GDV | Over ₹18,575+ crores |
| Expanded Launch Pipeline (FY27) | Nearly ₹6,600+ crores |
| Current Bandra Portfolio GDV | ₹2,350+ crores |
This expanded launch pipeline marks the largest in the Company’s history.
MANINFRA Stock Price Movement
As of 12:12 PM, Man Infraconstruction Limited shares shed ₹0.32, falling 0.27% in live trading to reach ₹117.26. The stock maintains significant momentum, processing a total volume of 1.67 million shares in the live market.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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