Mumbai's Luxury Housing Market Gets a Boost: MICL Receives Commencement Certificate for ₹1,200-Crore Project
Mumbai-based real estate firm Man Infraconstruction Limited (MICL Group) has received the commencement certificate for a luxury housing project in Vile Parle with an estimated sale potential of over ₹1,200 crore.
Mumbai Real EstateLuxury HousingMicl GroupVile ParleCluster DevelopmentReal Estate MumbaiOct 02, 2024
The project offers excellent connectivity to nearby schools, colleges, hospitals, railway station, airport, beach, and entertainment hubs. This is the first cluster development of Vile Parle West and yet another successful cluster development by MICL Group.
The total carpet area for sale is approximately 3.5 lakh sq ft and features premium 2 BHK, 3 BHK, and 4 BHK apartments. The company is set to launch the project shortly after securing the necessary RERA approvals.
Frequently Asked Questions
What is cluster development?
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 type of apartments will be available in the Vile Parle project?
The project will feature premium 2 BHK, 3 BHK, and 4 BHK apartments.
What is the total carpet area for sale in the Vile Parle project?
The total carpet area for sale is approximately 3.5 lakh sq ft.
What is the significance of the commencement certificate received by MICL Group?
The commencement certificate is a significant milestone in the development process, indicating that the project has been cleared for construction.
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