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Man Infraconstruction today said its special purpose vehicle MICL Realty LLP has launched the first phase of MHADA land redevelopment project at Ghatkopar in Mumbai.
Man Infraconstruction shares were trading 0.78 per cent lower at Rs 50.75 on the BSE at about 11.10 am.
The company announced “launching of first phase of MHADA land redevelopment project located at Ghatkopar East, Mumbai by our SPV namely MICL Realty LLP, wherein Man Infraconstruction Ltd is holding 46 per cent interest,” it said in a BSE filing.
The project comprises about 152 apartments of 1 BHK, 2 BHK and 3 BHK configurations, it added.
The company also announced booking of about 60 per cent of the apartments worth approximately Rs 125 crore.
Shares of the Man Infraconstruction were trading at Rs 51, down 0.29 per cent on BSE.
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