MICL to soon unveil its luxurious Vile Parle project

Man Infraconstruction Limited (MICL Group) has announced the palmy acquisition of the Commencement Certificate (CC) for its Vile Parle project. 

The Vile Parle task dispersed implicit 3 acres comprises 10 residential towers, each 15 storeys high. It offers a full carpet country for merchantability of astir 3.5 lakh sq. ft. featuring premium 2 BHK, 3 BHK and 4 BHK residential spaces. The task has a full estimated merchantability imaginable of implicit Rs 1,200 crores. The task is executed done a JV entity of MICL Group nether the asset-light Development Management (DM) model.

According to the company, it is poised to execute an expected Profit Before Tax of Rs 200 crore from this project.

Earlier, the institution secured a Commencement Certificate (CC) for its residential task with a carpet country of astir 4 lakh quadrate feet for sale. 

"MICL Group Secures Commencement Certificate (CC) for its Uber Luxurious Residential Project successful Ghatkopar East, Mumbai introducing Innovative Community Living Concept, having carpet country of approx. 4 lakh sq. ft. for sale," the institution said.

Man Infraconstruction Limited, headquartered successful Mumbai, clocked yearly consolidated gross of Rs 1,890.35 crores and nett net of Rs 258.57 crores with a nett currency affirmative equilibrium expanse for the fiscal twelvemonth ended March 31, 2023.