Man Infraconstruction Limited (MICL Group) has announced the acquisition of an ultra-luxury sea-view residential development located off Bandstand, Bandra West, Mumbai. Disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the project carries an estimated Gross Development Value (GDV) of ₹1,000+ crores and will be positioned as 'The One & Only' within the company's MS Collection Residences vertical — a boutique sea-view residential offering catering to the premium luxury segment.

Strengthening the Bandra Portfolio

This marks MICL Group's third luxury residential acquisition in the Bandra micro-market. With this addition, the company's combined Bandra portfolio — comprising the recently launched Artek Park at BKC, the upcoming ultra-luxury project at Pali Hill, Bandra West, and the latest acquisition — represents a combined GDV of ₹2,350+ crores. MICL Group will hold approximately 70% stake in the newly acquired off-Bandstand, Bandra West project.

The key details of the acquisition are summarised below:

Project Status and Approvals

Spread across a plot area of over 30,000 sq. ft., the project has applied for its IOD (Intimation of Disapproval) and is currently progressing through the approval process ahead of launch. Bandra continues to be one of Mumbai's most aspirational and supply-constrained residential destinations, supported by sustained end-user demand and strong pricing resilience.

Expanded Overall Portfolio and Launch Pipeline

With this acquisition, MICL Group's total real estate portfolio now stands at an estimated GDV of over ₹18,575+ crores. The company's launch pipeline for FY27 has expanded to nearly ₹6,600+ crores, which it describes as the largest launch pipeline in the company's history.

Management Commentary

Commenting on the development, Manan Shah stated: "MICL Group has further strengthened its presence in Bandra with its third luxury residential acquisition in the micro-market. With this acquisition, our Bandra portfolio — comprising the recently launched Artek Park at BKC, the upcoming ultra-luxury project at Pali Hill, Bandra West, and our latest acquisition — together represents a combined Gross Development Value (GDV) of ₹2,350+ crores, reflecting our focused strategy of deepening our presence in premium micro-markets with sustained absorption. With this addition, MICL Group's total real estate portfolio now stands at an estimated GDV of over ₹18,575+ crores, while the launch pipeline for FY27 has expanded to nearly ₹6,600+ crores — the largest launch pipeline in the Company's history."

Man Infraconstruction Limited has announced that the transcript of its Q4 FY26 Earnings Conference Call, held on Thursday, May 14, 2026, is now available. The document has been submitted to the stock exchanges and uploaded to the company's website, pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015.

Conference Call Highlights

During the call, the management discussed the company's performance and business outlook for FY26 and FY27. The company reported sales of approximately INR1,800 crores and collections of approximately INR990 crores for FY26. For Q4 FY26, sales stood at approximately INR438 crores with collections of approximately INR279 crores.

Strategic Outlook and Guidance

The company outlined a strong launch pipeline for FY27, with ongoing and upcoming projects estimated at INR 5,600 crores GDV. Management has set a combined sales target of over INR5,000 crores for FY27 and FY28. The real estate portfolio stands at an estimated GDV of over INR17,500 crores, with a balance sales pipeline of INR13,300 crores.

Transcript Access

The full transcript of the earnings call is accessible on the company's official website. The intimation regarding the transcript's availability was signed by Durgesh Dingankar, Company Secretary, on May 18, 2026.