Latest news with #ManInfraconstructionLimited
Mint
20-05-2025
- Business
- Mint
Man Infraconstruction Q4 results: Net profit rises 50% to ₹97.15 crore, announces ₹0.45 interim dividend
Man Infraconstruction, on Tuesday, announced its financial results for the quarter ended on March 31, 2025. The construction company posted 50 per cent year-on-year (YoY) jump in net profit to ₹ 97.15 crore in the fourth quarter FY25 as compared to ₹ 64.65 crore same period a year ago. Revenue from operation rose marginally to ₹ 294 crore in March quarter 2025. However, sequentially revenue saw a significant rise by 21 per cent from ₹ 242 crore. The construction company further declared its first interim dividend of ₹ 0.45 per share. 'Declared First Interim Dividend of Rs. 0.45 per equity share (i.e. 22.5%) on 37,52,89,565 Equity Shares having Face Value of Rs. 2/- each, for the Financial Year 2025-26,' the company said in an exchange filing. The company achieved total sales of ₹ 2,251 crore in FY25, marking a threefold jump compared to FY24 sales of ₹ 744 crore. Q4 FY25 alone contributed ₹ 743 crore, reflecting a 90 per cent year-on-year growth, it said. Collections increased to ₹ 1,270 crores for FY25, up from ₹ 1,197 crores in FY24 driven by the delivery of multiple projects during the year and strong execution capabilities across ongoing developments. 'FY25 was a record-breaking year for MICL, achieving ₹ 2,250 crore in sales reflecting market's strong trust in our projects. Backed by a strong pipeline of upcoming launches, EPC projects and global expansion, we are well positioned for sustained growth and committed to deliver excellence and value to our stakeholders,' said Manan Shah, Managing Director of Man Infraconstruction Limited. MICL Group launched 2 new projects in Q4FY25, with a combined revenue potential of ₹ 1,600 crore. These projects have already generated around ₹ 700 crore in sales within a short span since their launch. The company plans to launch multiple new projects of around 7.4 lakh sq. ft. of carpet area in FY26, with an estimated sales potential of ₹ 3,400 crores. 'These upcoming launches are located in some of Mumbai's most sought-after micro markets - Marine Lines, BKC and Pali Hill (Bandra W) which are expected to drive sales visibility and further enhance MICL's market's presence,' the company said.
Hindustan Times
05-05-2025
- Entertainment
- Hindustan Times
Aamir Khan's housing society will have luxury apartments priced above ₹1 lakh per sq ft post redevelopment
Man Infraconstruction Limited (MICL), a listed real estate developer, plans to launch an ultra-luxury project with luxury apartments priced at above ₹1 lakh per sq ft in Mumbai's upscale Pali Hill locality of Bandra by December 2025. The luxury project will be developed as part of the redevelopment of the Virgo Cooperative Housing Society, where Bollywood actor Aamir Khan owns multiple apartments. Aamir Khan, who is in the news for his poster of Sitaare Zameen Par, a spiritual sequel to his critically acclaimed Taare Zameen Par (2007), owns approximately 12 apartments in his building, which is expected to undergo redevelopment by the end of 2025. Aamir Khan will receive a new set of units as the building undergoes redevelopment. The project will be developed as part of the redevelopment of the Virgo Cooperative Housing Society. Also Read: Sitaare Zameen Par poster: Aamir Khan teases story about special people and fans are 'ready to sob'; film out next month The housing society is being redeveloped by Atmosphere Realty- a joint venture between three real estate companies – Wadhwa Group, MICL and Chandak Group. Also Read: Aamir Khan's housing society redevelopment: MICL plans to launch a luxury project in Mumbai's Pali Hill by December 2025 In December 2023, the MICL announced it would undertake the project redevelopment through one of its associate entities, which holds a 34% stake. "The project is currently under the approval stage, and we, along with our partners, are working on the documentation with the society. The target now is to launch the project in December 2025, Manan Shah, Managing Director of MICL, told in April 2025. According to Manan Shah, Managing Director of MICL, the luxury apartments in their Pali Hill redevelopment project (which includes the redevelopment of Aamir Khan's housing complex) are expected to be priced above ₹1 lakh per sq ft. Also Read: Mumbai real estate: 5 Bollywood stars who have invested nearly ₹80 crore in properties in Bandra According to Manan Shah, while overall sales have been strong for their company, there is noticeable sluggishness in the ultra-luxury segment of Mumbai's real estate market. 'Sales have been very good for us overall. However, there is some slowdown in the segment priced above ₹1 lakh per sq ft. Any product priced at ₹30 crore or more is witnessing slower movement,' Shah said.
India.com
24-04-2025
- Entertainment
- India.com
After Shah Rukh Khan, Aamir Khan also set to vacate his Bandra home due to...
Recently, the news of Bollywood's King Khan aka Shah Rukh Khan vacating his extravagant home Mannat due to renovation grabbed attention. Now, another Khan has added his name to the list. While many may think it is Salman Khan due to the constant death threats he has received, it is not even Salman Khan — it is Aamir Khan. According to media reports, Aamir is soon going to vacate his Bandra house. As soon as the news broke, Aamir's fans were left shocked and worried. However, let us tell you that the actor is shifting homes because of renovation work. The real estate developer Man Infraconstruction Limited (MICL) is launching an ultra-luxury project in Pali Hill this year. This project is part of the renovation of Virgo Cooperative Housing Society. This is the same society where Aamir Khan lives. As per the details shared by Manan Shah, the Managing Director of MICL Group, the real estate group will build luxurious 4BHK and 5BHK flats with a sea view. As per details shared by Hindustan Times, the flat measures 1,027 sq ft and costs over ₹9 crore. The transfer deed was finalized in June 2024, with a stamp duty of Rs 58.5 lakh and a registration fee of Rs 30,000, as per property registration documents obtained by Square Yards. 'The project is currently under the approval stage, and we, along with our partners, are working on the documentation with the society. The target now is to launch the project in December 2025,' Manan was quoted as saying by HT. Khan's complex is expected to be priced above Rs 1 lakh per sq ft.
Hindustan Times
23-04-2025
- Entertainment
- Hindustan Times
After Shah Rukh Khan, Aamir Khan also set to move out of his Pali Hill home, here's why
Days after Shah Rukh Khan moved out of iconic home Mannat in Mumbai due to renovations, actor Aamir Khan is also planning to shift from his house in Pali Hill as the building is set to undergo redevelopment. (Also read: Fresh visuals from Shah Rukh Khan's new house are out, check out where he is going to live for next 2 year) HT has reported that Man Infraconstruction Limited (MICL), a real estate developer has plans to launch an ultra-luxury project in Mumbai's Pali Hill locality in Bandra by the end of this year. The project will be developed as part of the redevelopment of the Virgo Cooperative Housing Society, where Aamir lives and also owns multiple apartments. The Lagaan actor, who owns approximately 12 apartments in the building, will receive a unit in the rehabilitation section of the project, along with the other existing residents. Aamir has acquired another property in Pali Hill. It measures 1,027 sq ft and costs over ₹9 crore. The transfer deed was finalised in June 2024, attracting a stamp duty of ₹58.5 lakh and a registration fee of ₹30,000, according to property registration documents accessed by Square Yards. "The project is currently under the approval stage, and we, along with our partners, are working on the documentation with the society. The target now is to launch the project in December 2025, Manan Shah, Managing Director of MICL, told HT. According to Manan, the luxury apartments in their Pali Hill redevelopment project, which includes the redevelopment of Aamir Khan's housing complex, are expected to be priced above ₹1 lakh per sq ft. Shah Rukh Khan and family have relocated to four floors of Puja Casa building in Pali Hill area of Bandra. The actor has leased these floors from film producer Vashu Bhagnani. The actor's Red Chillies Entertainment has entered into a leave and licence agreement with Bhagnani's actor son, Jackky Bhagnani and his daughter, Deepshika Deshmukh, who co-owns the property. Sources said that renovation work at Mannat was supposed to begin in May. This includes a long-proposed extension of the bungalow, for which the actor had to get the court's permission. Shah Rukh's Mannat is a Grade III heritage structure, and any structural change can only take place after securing proper permissions.
News18
21-04-2025
- Entertainment
- News18
After Shah Rukh Khan, Aamir Khan To Also Vacate Bandra Home; What Is His New Address In Mumbai?
Aamir Khan's society is about to go under redevelopment, as per reports. After Shah Rukh Khan, Aamir Khan is also set to vacate his home in Bandra. Aamir Khan lives in Bandra's Pali Hill area, and his home has become an iconic spot for his fans. However, just like Shah Rukh Khan has temporarily moved out of Mannat, Aamir Khan will also move out of his apartment soon. Why Is Aamir Khan Leaving His Home? Aamir Khan's building will undergo redevelopment soon, as per reports. Man Infraconstruction Limited (MICL), a real estate developer, will launch an ultra-luxury project in Pali Hill this year. This project is a part of the redevelopment of the Virgo Cooperative Housing Society, where Aamir Khan owns multiple apartments. As per Manan Shah, the Managing Director of MICL Group, the redeveloped building will boast swanky new 4 and 5 BHK flats with a sea view. According to Hindustan Times, the price of these apartments will be over Rs 1 lakh per sq ft. Aamir Khan's New Address During this period, Aamir Khan and other residents of the building will be given flats in the rehab component of the redeveloped project. Interestingly, Aamir Khan also owns another property in the same Pali Hill neighbourhood. This property is reportedly worth Rs 9 crore. Shah Rukh Khan And Mannat Meanwhile, the renovations at Shah Rukh Khan's Mannat have already begun. As per reports, Mannat is likely to get two new floors added to its tall frame. For the unversed, Gauri Khan applied for permission from the Maharashtra Coastal Zone Management Authority (MCZMA) to expand their iconic home. The proposal aims to add two more floors to the six-storey annexe, increasing its built-up area by 616.02 square meters. Shah Rukh Khan has rented two luxurious duplex apartments in Puja Casa in Bandra's Pali Hill on a three-year lease. Shah Rukh Khan has leased four floors in the building. These properties belong to Vashu Bhagnani, with one apartment owned by Jackky Bhagnani and Deepshikha Deshmukh, leased to Shah Rukh for Rs 11.54 lakh per month, alongside a security deposit of Rs 32.97 lakh. The second apartment, owned by producer Vashu Bhagnani, is rented at Rs 12.61 lakh per month, requiring a Rs 36 lakh deposit. First Published: April 21, 2025, 19:54 IST
