Informative

MICL to redevelop premium real estate project in Mumbai's BKC

Update / Judgement Date

10 Jun 2024

Source

Zee Business

Author

Team — WCP Legal Desk

Reading Time

1 min read

RERA & Property Act

Man Infraconstruction Limited (MICL) has acquired a prime redevelopment project at Bandra Kurla Complex, Mumbai, involving the Artek Co-operative Housing Society Limited. Spanning approximately 5.0 lakh square feet, the project offers around 1.5 lakh square feet of RERA carpet area for sale. \r

BKC's appeal as a vibrant residential area aligns with Mumbai's demand for upscale homes. MICL aims to complete the project within 3 years of its launch, leveraging its track record of timely project delivery. Holding a 34% stake, MICL will execute the construction through its associate entity, 'Arhan Homes LLP', ensuring quality and efficiency.

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MICL to redevelop premium real estate project in Mumbai's BKC

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