Man Infraconstruction Limited (MICL) today unveiled Avaan Tower 2, a 306-meter residential skyscraper in Mumbai’s Tardeo neighborhood that the company claims is India’s tallest ultra-luxury residential building.
The shares of Man Infraconstruction Limited (MICL) were trading at ₹151.65 up by ₹7.26 or 5.03 per cent at the closing bell.
The project features 3, 4, and 5 BHK residences ranging from 1,300 to 3,282 square feet of carpet area, with a total project area of 650,000 square feet. MICL projects the development will generate over ₹3,000 crore in revenue.
Designed by architect Hafeez Contractor, the tower offers views of the Arabian Sea, Queen’s Necklace, Mahalaxmi Racecourse, and the Mumbai skyline. It includes more than 55 amenities, including an ocean-view infinity pool, UFC gym, private theater, and bowling alley.
“Aaradhya Avaan is more than just a residence—it is a statement of neo-luxury living,” said Manan Shah, Managing Director of MICL, in the announcement.
MICL reported consolidated total income of ₹1,360 crore and net profit of ₹300 crore for the financial year ending March 31, 2024. The company operates in construction and real estate development, with projects across India.
The development comes as luxury real estate in Mumbai continues to attract high-net-worth and ultra-high-net-worth individuals from India and abroad.
