India, May 18 -- Man Infraconstruction Limited, through its real estate development arm MICL Group, announced on May 18, 2026, the acquisition of a prime ultra-luxury sea-view residential development site located off Bandstand, Bandra West, Mumbai one of the city's most coveted and supply-constrained residential micro-markets. The disclosure was made to both NSE and BSE under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The newly acquired project, spread across a plot area exceeding 30,000 sq. ft., carries an estimated Gross Development Value of Rs. 1,000+ crore. MICL Group will hold approximately 70% stake in the project, signalling the group's intent to retain majority control and econo...