Mumbai Luxury Housing Project Gets Commencement Certificate, Estimated Sale Potential of ₹1,200 Crore

Mumbai-based real estate firm Man Infraconstruction Limited (MICL Group) receives commencement certificate for luxury housing project in Vile Parle, Mumbai. Get the latest updates on Mumbai real estate market.

Mumbai Real EstateLuxury Housing ProjectCommencement CertificateMicl GroupVile ParleReal Estate NewsOct 02, 2024

Mumbai Luxury Housing Project Gets Commencement Certificate, Estimated Sale Potential of ₹1,200 Crore
Real Estate News:Mumbai-based listed real estate firm Man Infraconstruction Limited (MICL Group) has announced that it has received the commencement certificate (CC) for a luxury housing project in Vile Parle, Mumbai. The project, which has a total estimated sale potential of over ₹1,200 crore, is spread over three acres and comprises 10 residential towers with 15 floors each.

The total carpet area for sale is approximately 3.5 lakh sq ft and features premium 2 BHK, 3 BHK, and 4 BHK apartments. Located on Swami Vivekanand (S.V.) road (Vile Parle), the project offers excellent connectivity to nearby schools, colleges, hospitals, railway station, airport, beach, and entertainment hubs.

According to Manan Shah, Managing Director of MICL Group, the company is thrilled to have secured the Commencement Certificate for the highly anticipated Vile Parle project.

Frequently Asked Questions

What is cluster development policy?

Cluster development policy is where more than one plot or buildings are merged by forming a cluster and redeveloped as one project.

What is the estimated sale potential of the Vile Parle project?

The estimated sale potential of the Vile Parle project is over ₹1,200 crore.

What is the total carpet area for sale in the Vile Parle project?

The total carpet area for sale in the Vile Parle project is approximately 3.5 lakh sq ft.

What type of apartments are available in the Vile Parle project?

The Vile Parle project features premium 2 BHK, 3 BHK, and 4 BHK apartments.

When is the Vile Parle project expected to be launched?

The Vile Parle project is expected to be launched shortly after securing the necessary RERA approvals.

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