Man Infraconstruction Limited has achieved a significant regulatory milestone with the receipt of Intimation of Disapproval (IOD) from local municipal authorities for its ultra-luxurious residential redevelopment project at Pali Hill, Bandra West, Mumbai. The project represents a strategic entry into one of Mumbai's most prestigious residential micro-markets with estimated sales potential exceeding ₹500 crore.

Project Details and Financial Scope

The Pali Hill redevelopment involves the transformation of Virgo CHS Limited into an ultra-luxury residential address. Located in what is widely regarded as part of Mumbai's 'billionaire's row', the project targets the premium residential segment with substantial revenue projections.

Development Timeline and Current Status

With the IOD approval secured, the project has crossed an important regulatory hurdle. The residential site has been fully vacated and is now ready for demolition activities, which will precede the construction phase. The company is preparing for a formal project launch in the coming quarter while pursuing other requisite approvals.

Strategic Positioning and Market Outlook

Managing Director Manan Shah emphasized the project's strategic importance, stating that Pali Hill remains one of Mumbai's most established luxury residential micro-markets. The neighbourhood has consistently attracted influential personalities across business, arts, and public life, reinforcing its stature as one of Mumbai's most distinguished residential enclaves.

The project aligns with the company's strategy of selective participation in high-entry-barrier micro-markets that offer strong absorption potential and healthy realisation prospects. This development is expected to strengthen MICL's presence in Bandra West and contribute meaningfully to long-term value creation for stakeholders.

Source: None/Company/INE949H01023/39d7a5af-1146-45c7-ad80-d2e97cdef38c.pdf

Man infraconstruction Limited has achieved significant recognition in the real estate industry, winning four prestigious awards at major industry events. The company's excellence in development and innovation has been acknowledged through multiple accolades that underscore its market leadership position.

Award Recognition at ET Now Realty Conclave & Awards 2026

The company received three distinguished awards at the ET Now Realty Conclave & Awards 2026, demonstrating its comprehensive excellence across different segments:

At the conclave, Managing Director Manan Shah shared his vision for enduring real estate excellence, emphasizing the importance of building consumer-focused products that stand the test of time and creating offerings that instill pride of ownership in both residential and commercial spaces.

Leadership Recognition and Industry Vision

Manan Shah received additional recognition with the Real Estate Visionary of the Year award from Bright Outdoor Media Limited REAL Awards. This honor reflects his leadership in driving the company's strategic direction and innovation in the real estate sector.

Shah emphasized the company's approach to development, stating that MICL focuses on creating high-entry-barrier residential developments backed by disciplined execution and financial prudence. The recognition reaffirms MICL's continued commitment to product innovation and design leadership.

Award-Winning Project Portfolio

The recognized projects showcase MICL's diverse development capabilities:

Jade Park represents the first organized cluster redevelopment in the micro-market located on S.V. Road in Vile Parle West, marking another successful cluster development by MICL Group.

Aaradhya Avaan stands as one of India's tallest residential towers with a height of over 1,000 ft, elevating India's skyline to global standards. Located in Tardeo, South Mumbai, this project exemplifies the company's luxury development expertise.

Company's Market Position and Philosophy

MICL has established itself as a developer known for its nuanced understanding of global luxury lifestyles and its ability to seamlessly integrate these standards into thoughtfully curated community living experiences. This approach creates a distinctive product appeal that sets its developments apart in a competitive market.

The company's focus on creating iconic communities with purpose and precision has resulted in recognition across multiple categories, from overall development excellence to specific project achievements. The awards validate MICL's strategy of combining innovation with execution excellence in the real estate sector.