MICL Group Mumbai Expands Its Horizon with Prime Redevelopment Project at BKC

MICL Group Mumbai has made a major leap in the real estate market by acquiring a prime redevelopment project in the prestigious Bandra Kurla Complex (BKC) area of Mumbai. This acquisition underscores the Group's commitment to strengthening its presence in the premium redevelopment sector.

Project Overview: A Game-Changer for BKC

The project involves the redevelopment of the Artek Co-operative Housing Society, located in the Kalanagar area of BKC. MICL’s associate entity, Arhan Homes, will oversee the redevelopment, while the construction will be managed by Man Infraconstruction, a trusted name in real estate.

Expansive Construction Area and Market Potential

The redevelopment project spans a massive 500,000 square feet of total construction area. The saleable area, offering an attractive RERA carpet area of approximately 150,000 square feet, makes this an ideal investment opportunity in one of Mumbai’s most sought-after locations. The MICL Group Mumbai plans to deliver the completed project in approximately three years, marking a significant milestone in the Group’s expansion strategy.

Creating a Landmark Development in Mumbai’s Commercial Hub

This strategic project is aligned with MICL Group’s vision to create iconic developments that offer an unparalleled living experience. The development will serve as a new landmark in the heart of the city’s commercial district, blending luxury with convenience.

BKC’s Transformation: A Premium Residential Destination

BKC has evolved into one of the most coveted residential areas in Mumbai, attracting professionals, multinational corporations, financial institutions, and government offices. The location’s unique appeal lies in its proximity to major business hubs, providing residents with a luxurious lifestyle close to their workplace.

Future Outlook: MICL Group’s Vision for Mumbai’s Development

This acquisition reinforces MICL Group Mumbai’s ongoing commitment to shaping the city’s skyline. The project aims to set new benchmarks in quality and design, further enhancing the Group's reputation as a leader in the real estate sector.

Highlights:

• MICL Group Mumbai acquires a premium redevelopment project in Bandra Kurla Complex (BKC).
• Total construction area of approx. 500,000 square feet with a saleable RERA carpet area of 150,000 square feet.
• The project will be delivered in 3 years from the launch date.
• Located in the commercial heart of Mumbai, BKC is a luxury residential hotspot.
• Arhan Homes, a MICL associate, will oversee the redevelopment, with Man Infraconstruction managing the construction.

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