Man Infraconstruction rises on planning to launch premium residential project `Aaradhya Parkwood`
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Man InfraConstruction is currently trading at Rs. 78.00, up by 1.50 points or 1.96% from its previous closing of Rs. 76.50 on the BSE.
The scrip opened at Rs. 77.50 and has touched a high and low of Rs. 78.75 and Rs. 77.50 respectively. So far 17757 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 134.45 on 11-Jan-2022 and a 52 week low of Rs. 69.70 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 81.00 and Rs. 75.50 respectively. The current market cap of the company is Rs. 2840.07 crore.
The promoters holding in the company stood at 67.03%, while Institutions and Non-Institutions held 2.19% and 30.78% respectively.
Man Infraconstruction (MICL) is geared to launch another prestigious premium residential project - ‘Aaradhya Parkwood’ (through its subsidiary Man Vastucon LLP) after recently delivering their project ‘Aaradhya Highpark’ (Towers A, B, C, D and retail) 16 months before time. The project is located near Dahisar check Naka, next to Singapore International School. The project is spread over 2.5 acres of land, having approximately 5.3 lakh square feet of carpet area for sale which has the potential to generate revenue to the tune of approximately Rs 850 crore.
Aaradhya Parkwood project is a sanctuary of peace and neo-luxury lifestyle, marked by MICL’s commitment towards their philosophy ‘Live Better’. The design-thinking-oriented architecture blends into natural surroundings, giving a unique, bucolic experience amid the crowded extended Mumbai cityscape. The project will include 1 and 2 BHK luxury apartments, with breathtaking natural views of emerald green splendour. With over 60+ amenities and facilities curated in the state-of-theart clubhouse, Aaradhya Parkwood would have plush common areas dedicated to holistic and fine living.
Man Infraconstruction is an India-based company engaged in the business of civil construction. The company’s operations consist of construction / project activities/real estate activities.
