Mumbai Real Estate: MICL Group's Luxury Housing Project in Vile Parle Gets Commencement Certificate
MICL Group's luxury housing project in Vile Parle, Mumbai, has received the commencement certificate with a total estimated sale potential of over ₹1,200 crore.
Mumbai Real EstateMicl GroupLuxury Housing ProjectVile ParleCluster Development PolicyReal Estate MaharashtraOct 02, 2024
The project offers premium 2 BHK, 3 BHK, and 4 BHK apartments and is located on Swami Vivekanand (S.V.) road, providing excellent connectivity to nearby schools, colleges, hospitals, railway station, airport, beach, and entertainment hubs.
We are thrilled to have secured the Commencement Certificate for our highly anticipated Vile Parle project. With meticulously planned space on a three-acre land, we are set to redefine luxury living. We look forward to launching this iconic project setting new benchmarks in Mumbai’s real estate landscape,
Frequently Asked Questions
What is Cluster Development Policy?
Cluster Development Policy is a policy where more than one plot or buildings are merged by forming a cluster and redeveloped as one project.
What are the benefits of Cluster Development Policy?
The policy offers various exemptions, including additional floor space index (FSI) to developers, considering it involves redevelopment of old buildings in the city of Mumbai.
What is the estimated sale potential of MICL Group's Vile Parle project?
The project has a total estimated sale potential of over ₹1,200 crores.
How many residential towers will the Vile Parle project have?
The project will comprise 10 residential towers with 15 floors each.
What is the total carpet area of the Vile Parle project?
The total carpet area of the project is approximately 3.5 lakh sq ft.
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