MICL to redevelop premium real estate project in Mumbai's BKC
The project has a total construction area of approximately 5.0 lakh square feet and offers an RERA carpet area of around 1.5 lakh square feet for sale.
![MICL to redevelop premium real estate project in Mumbai's BKC](https://cdn.zeebiz.com/sites/default/files/2024/06/11/298746-realestate.jpg?im=FitAndFill=(1200,900))
Man Infraconstruction Limited (MICL) has announced the acquisition of a prime redevelopment project in Bandra Kurla Complex in Mumbai. According to an exchange filing, the project involves the redevelopment of Artek Co-operative Housing Society Limited (Society), in the Kalanagar area situated at BKC.
The project has a total construction area of approximately 5.0 lakh square feet and offers an RERA carpet area of around 1.5 lakh square feet for sale.
BKC has transformed into a vibrant residential area, offering a unique and luxurious lifestyle. As demand for high-end homes in Mumbai continues to grow, BKC stands out for its perfect blend of residential living and business prowess.
"With a proven track record of delivering all its 16 projects before time, MICL group intends to deliver this project in a span of 3 years from the launch date," the company said in an exchange filing.
Man Infraconstruction Limited holds a 34 per cent stake in the project. The project will be undertaken in one of its associate entities, 'Arhan Homes LLP'. The construction of the property will be executed by Man Infraconstruction Limited.
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02:27 PM IST