Collaboration with Godrej Properties on Marine Lines project; Rs. 6,000+ crores revenue potential
MICL has announced a collaboration with Godrej Properties Group for its sea-facing residential project at Marine Lines, South Mumbai.
- Project Revenue Potential
- Rs. 6,000+ crores
- MICL Investment Recovery
- ₹300+ crore
- Project Area
- Approximately 2.5 acres
- Location
- Marine Lines, South Mumbai
- Deal Structure
- Revenue-sharing arrangement with Godrej Properties Group
What was announced
Man Infraconstruction Limited (MICL) said it has entered into a collaboration with Godrej Properties Group for the development of its upcoming sea-facing residential project at Marine Lines, South Mumbai.
Structure of the deal
- MICL was earlier the Development Manager for the project and has now partnered with Godrej for its development.
- The development rights jointly held by MICL and Shreepati Group have been transferred to Godrej.
- MICL will benefit through a revenue-sharing arrangement with Godrej.
- The project will also be jointly branded as part of the collaboration.
Key figures
- Overall project revenue potential estimated at Rs. 6,000+ crores.
- MICL Group will recoup its existing investment in the project to the tune of ₹300+ crore.
- Project spread across approximately 2.5 acres.
Location
The site is in the heart of Marine Lines, offering views of the Arabian Sea, with connectivity via the Mumbai Coastal Road, the upcoming Metro network and the Atal Setu corridor.
Management commentary
Managing Director Mr. Manan Shah said the transaction unlocks the project's full potential and that early realisation of cash flows will provide MICL with greater financial flexibility to pursue new development opportunities and expand its presence in Mumbai.
How investors may read it
The announcement points to earlier cash realisation and continued participation in project economics through revenue sharing, while the development rights move to Godrej. The revenue potential is an estimate and the company's safe-harbour note flags that actual results may differ from forward-looking statements.
Also from Man Infraconstruction
Extinguishment of 69,25,000 equity shares consequent to buyback from open market route
8 Oct 2026
More numbers
- Overall project revenue potentialRs. 6,000+ crores
- Existing investment to be recouped by MICL Group₹300+ crore
- Project areaapproximately 2.5 acres
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