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Man Infraconstruction announces luxury residential project in Tardeo, Mumbai

Man Infraconstruction announces luxury residential project in Tardeo, Mumbai

November 29, 2021 9:31 IST | capital market
Man Infraconstruction announced that its subsidiary MICL Properties LLP, wherein the Company holds 99.99% partnership interest, is jointly developing an ultra-luxurious residential high rise tower at Tardeo, next to Bhatia Hospital, Mumbai under asset-light Development Management (DM) model.

The Project having carpet area for sale of 6 lakh sq. ft. is expected to generate approx. Rs. 3,000 crore over next 4 to 5 years. This landmark Project will be one of the tallest residential structures in India having proposed height of 250+ mtrs.

Apart from managing the design, sales and marketing of the Project, the Company will also execute the construction work leading to timely delivery of the Project.

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The average score for Prestige Estates Projects Limited stands at 4 against 6, three months back.

Prestige Estates Projects Limited is engaged in the business of real estate development. The Company’s principal products/services include Development and construction

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