Regulatory Disclosure Details
Project Launch Details
Man Infraconstruction Limited ("MICL Group") announced the launch of Marina Vista, an ultra-luxury residential project located in Pali Hill, Bandra (West), Mumbai. The project is situated in what is described as "Mumbai's billionaire's row" and is considered one of Bandra's most storied addresses.
Financial Metrics and Sales Performance
The project has an estimated Gross Development Value (GDV) of over ₹500 crores. At launch, the project achieved 30% pre-sales commitment, which the company states reaffirms strong market demand for the address.
Project Status and Development Structure
The project site stands fully vacated, and construction of the ultra-luxury development is now underway. Marina Vista is being undertaken through Atmosphere Homes LLP, an associate entity of MICL Group. The project received its RERA registration in June 2026 (MahaRERA Registration No. PR1180002600763).
Management Commentary
Mr. Manan Shah, Managing Director of MICL Group, commented: "Marina Vista project at Pali Hill, Mumbai has opened to a response that speaks for itself. It reflects the constant demand that Bandra (West) commands as one of Mumbai's most coveted residential micro-markets, and continues to draw the city's most discerning buyers. Within a short-span of receiving its RERA registration in June 2026, Marina Vista project received an overwhelming launch response that signals the strength of demand for the address."
Mr. Shah further stated: "We intend to carry this strong sales momentum going forward. The confidence that homebuyers are placing in Marina Vista is a reflection of the trust they place in the MICL brand, and it strengthens our position across Mumbai's most prime locations."
Company Background
Man Infraconstruction Limited (NSE: MANINFRA, BSE: 533169) is headquartered in Mumbai with two business verticals: EPC (Engineering, Procurement and Construction) and Real Estate Development. The company has six decades of experience in EPC business and strong execution capabilities in Ports, Residential, Commercial & Industrial and Road construction segments with projects spanning across India.