MICL Unlocks ₹6,000+ Crore Revenue Potential From Marine Lines Project, Recoups ₹300 Crore Investment
Mumbai: Man Infraconstruction Limited (MICL) announced on 28 September 2026, a collaboration with Godrej Properties Group (Godrej) for a sea-facing residential project at Marine Lines, South Mumbai. The project is estimated to have an overall revenue potential exceeding ₹6,000 crore, according to the company. Project Overview The project spans approximately 2.5 acres in Marine Lines. It offers…
Mumbai-based Man Infraconstruction Limited (MICL) has announced a partnership with Godrej Properties Group (Godrej) for a high-end residential project along the Marine Lines area of South Mumbai. The venture, projected to generate revenue surpassing ₹6,000 crore, marks a significant milestone for MICL.
The project occupies about 2.5 acres in Marine Lines and offers panoramic views of the Arabian Sea. It is conveniently accessible via the Mumbai Coastal Road, the forthcoming Metro network, and the Atal Setu corridor. Previously managed by MICL, the project's development rights have been transferred to Godrej as part of the collaboration.
Under the agreement, MICL will benefit from a revenue-sharing arrangement and will recoup its investment of more than ₹300 crore in the project. The partnership also includes joint branding of the development. MICL's managing director, Manan Shah, highlighted the prestigious nature of the Marine Lines project, stating it represents an important step for the company and unlocks its full potential.
Shah further noted that the early cash flows from the project will bolster MICL's financial flexibility, enabling the firm to explore additional developments and expand its footprint in Mumbai.
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