Man Infraconstruction Limited (MICL Group), a prominent player in the luxury residential real estate sector, has secured the Occupancy Certificate (OC) for the F-wing of its prestigious "Atmosphere O2" project in Mulund West, Mumbai within ~3.5 years of its launch. This milestone is part of MICL Group's consistent track record, having successfully delivered 2.8 million square feet of carpet area ahead of schedule, showcasing its expertise and commitment to timely project completion.
The Atmosphere O2 project spans ~7.2 lakh square feet of RERA carpet area and 18.6 lakh square feet of construction area, featuring three 47-storey residential towers and an 18-storey commercial tower. The project with a revenue potential of about Rs. 1,650 crores is almost sold out and has made a total collection of about Rs. 1475 crores as of Sep-24 from its bookings. This reflects the overwhelming demand and confidence that buyers have placed in MICL Group's premium offerings.
Following the resounding success of Atmosphere (Phase 1), Atmosphere O2 has emerged as one of the most sought-after gated community projects in Nahur, Mulund West. Launched in November 2019, MICL Group delivered Towers D & E in September 2023, followed by the completion of Tower F in September 2024.
Manan Shah, Managing Director of MICL Group, expressed his delight at this achievement: "The swift sellout of such a large project before the OC is a testament to the trust our customers have in MICL's quality and timely delivery. Atmosphere O2 reaffirms our leadership in execution, sales and our commitment to exceeding customer expectations."
Shares of Man Infraconstruction Limited was last trading in BSE at Rs. 189.45 as compared to the previous close of Rs. 189.35. The total number of shares traded during the day was 25981 in over 808 trades.
The stock hit an intraday high of Rs. 191.30 and intraday low of 188.35. The net turnover during the day was Rs. 4919033.00. |
