Man Infraconstruction Limited to redevelop Artek Co-operative Housing Society in Mumbai BKC

Man Infraconstruction Restricted to redevelop Artek Co-operative Housing Society in Mumbai BKC

The venture has a complete building space of roughly 5.0 lakh sq. ft and gives an RERA carpet space of round 1.5 lakh sq. ft on the market.

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Share Market Information: Man Infraconstruction Restricted (MICL) has introduced that it’ll redevelop Artek Co-operative Housing Society in Mumbai’s BKC. In keeping with an trade submitting, the venture includes the redevelopment of Artek Co-operative Housing Society Restricted (Society), within the Kalanagar space located at BKC.

The venture has a complete building space of roughly 5.0 lakh sq. ft and gives an RERA carpet space of round 1.5 lakh sq. ft on the market.

BKC has remodeled right into a vibrant residential space, providing a novel and opulent way of life. As demand for high-end properties in Mumbai continues to develop, BKC stands out for its good mix of residential dwelling and enterprise prowess.

“With a confirmed monitor file of delivering all its 16 tasks earlier than time, MICL group intends to ship this venture in a span of three years from the launch date,” the corporate stated in an trade submitting.

Man Infraconstruction Restricted holds a 34 per cent stake within the venture. The venture will probably be undertaken in certainly one of its affiliate entities, ‘Arhan Properties LLP’.

“We’re excited to announce the acquisition of this prestigious redevelopment venture at BKC, the place we now have executed the Improvement Settlement with the Society. This venture aligns with our imaginative and prescient of strengthening MICL Group’s presence in Mumbai area by creating iconic developments that supply a superior dwelling expertise. We stay up for delivering yet one more benchmark venture that displays our dedication to excellence,” Manan P. Shah, Managing Director of IMCL stated.




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