MICL Group announces landmark sea-facing residential project in South Mumbai
MICL Group, a prominent name in the real estate sector and a leading global infrastructure EPC major, has unveiled plans for an iconic sea-facing residential project near Marine Lines, South Mumbai. This project is poised to become a prestigious addition to MICL’s real estate portfolio, promising to elevate the standards of luxury living in India.
The project, expected to soar above 800 feet, aims to be one of the tallest residential structures in the country, surpassing even MICL Group’s ambitious ‘Aaradhya Avaan’ project at Tardeo. With a total construction area of approximately 22 lakh square feet, offering a RERA carpet area of around 5.3 lakh square feet for sale, this development is anticipated to generate a total sales value of over Rs. 2,100 crore.
MICL Group’s proven track record of delivering projects ahead of schedule is a testament to its commitment and expertise in the real estate domain. The company plans to complete this ultra-luxurious project within a five-year span from its launch date.
Manan P. Shah, Managing Director of MICL Group, expressed his enthusiasm about the new development, stating, “We are extremely pleased to announce the arrival of the uber-luxurious sea-facing property near Marine Lines. This project is poised to redefine Mumbai’s skyline, offering an unparalleled view of the ocean to a select few.”
He further emphasized the strategic significance of this venture, marking MICL Group’s continued foray into the uber-luxurious residential segment in South Mumbai. This project, alongside the ‘Aaradhya Avaan’, underscores the group’s dedication to introducing cutting-edge architectural marvels that blend luxury with breathtaking views, setting new benchmarks for residential living in the metropolis.
MICL Group’s announcement of its latest sea-facing residential project near Marine Lines is a clear indicator of the evolving landscape of luxury real estate in South Mumbai. This development, characterized by its monumental stature and strategic location, not only contributes to the city’s architectural grandeur but also offers a unique living experience that combines luxury with panoramic sea views. As the demand for exclusive and high-end residential spaces continues to rise, projects like these play a crucial role in meeting the aspirations of a discerning clientele, further cementing South Mumbai’s status as a hub of luxury real estate.