MICL receives CC for Luxury Project in Mumbai comprising 10 Housing Towers

According to MICL, the Vile Parle housing project spans three acres and consists of ten dwelling towers with a combined carpet area of over 3.5 lakh square feet.

The Vile Parle neighborhood of Mumbai is home to a luxury housing project with a total projected sales potential of over ₹1200 crore. The project has got the commencement certificate (CC), according to Man Infraconstruction Limited (MICL Group), a listed real estate company based in Mumbai.

Ten residential towers with fifteen floors each will make up the three-acre Vile Parle project, according to the business. Premium 2 BHK, 3 BHK, and 4 BHK apartments are available for purchase, with a total carpet space of almost 3.5 lakh sq ft. 

Regarding this, the company said in a regulatory filing, "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. This is the first cluster development of Vile Parle West and yet another successful cluster development by MICL Group,"

The company added, "The project has a total estimated sale potential of over Rs.1,200 crores and is executed through a joint venture (JV) entity of MICL Group under asset-light Development Management (DM) model".

Manan Shah, Managing Director of MICL Group says, "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".