Listed real estate developer Man Infraconstruction Limited (MICL) plans to launch a uber luxury project in Bandra's Pali Hill area of Mumbai in the first quarter of next financial year. The project will be launched as part of redevelopment of Virgo Cooperative Housing Society where Bollywood actor Aamir Khan owns a few apartments. "The project is currently under approvals, and we are aiming to launch the project in the first quarter of FY26," Manan Shah, Managing Director of MICL told HT.
com The company had in December 2023 said that MICL will be redeveloping the project through one of its associate entities in which it holds a 34% stake. Aamir Khan owns a few apartments in the building and he will be eligible for an apartment in the rehab component of the redeveloped project along with other tenants. Khan had purchased another apartment in the same locality of Bandra's Pali Hill measuring 1,027 sq ft for over ₹ 9 crore.
The transfer deed, which was finalised in June 2025, incurred a stamp duty of Rs. 58.5 lakh and a registration fee of Rs.
30,000, documents accessed by Square Yards showed. "The sale component of the redevelopment project will have 4 and 5 BHK sea-view apartments in the uber luxury segment," Manan Shah, Managing Director of MICL Group had said in December 2023. Also Read: Mumbai redevelopment: MICL working on development agreement of Aamir Khan’s housing society in Pali Hill He had added that inventories in the project may cost more than ₹ 100 crore.
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