Man Infra Secures Rs 1200 Crore Mumbai Project Approval

As the festive season boosts the property market, engineering, procurement, and construction (EPC) firm Man Infraconstruction has received the commencement certificate (CC) for a luxury residential project in Mumbai, according to a release.

According to the statement, the forthcoming home project is located in Mumbai’s Vile Parle region and has a sale potential of more than Rs 1,200 crore. The project will cover three acres of land and have ten apartment buildings. CC’s most recent acquisition prepares the initiative for a formal launch. The project will be officially launched soon after receiving the required RERA permissions.

The business stated that it expects a profit before taxes of more over Rs 200 cror e from the new luxury property, which would include premium 2 BHK, 3 BHK, and 4 BHK residential apartments. The announcement comes at a time when the real estate market is steadily expanding, owing to a variety of causes like urbanisation, greater disposable incomes, and favourable government policies.

Man Infra is headquartered in Mumbai and operates in two business verticals: construction and real estate. In FY2024, Man Infra reported a consolidated total income of Rs 1,360 crores and a net profit of Rs 300 crore.

Source: ET Now

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