MICL Unveils India’s Tallest Ultra-Luxury Residential Tower in Mumbai

Man Infraconstruction Limited (MICL) has introduced Avaan Tower 2, a 306-metre residential skyscraper in Mumbai’s Tardeo, making it India’s tallest ultra-luxury residential building.

The high-rise offers 3, 4, and 5 BHK residences with carpet areas ranging from 1,300 to 3,282 square feet, spanning a total project area of 650,000 square feet. MICL anticipates revenue exceeding Rs 30 billion from this landmark development.

Designed by acclaimed architect Hafeez Contractor, Avaan Tower 2 presents breathtaking views of the Arabian Sea, Queen’s Necklace, Mahalaxmi Racecourse, and Mumbai’s skyline. Residents will enjoy over 55 premium amenities, including an ocean-view infinity pool, UFC gym, private theatre, and a bowling alley.

MICL reported a consolidated total income of Rs 13.6 billion and a net profit of Rs 3 bn for the financial year ending March 31, 2024. The company continues to strengthen its presence in construction and real estate development across India.

The launch coincides with growing demand in Mumbai’s luxury real estate sector, driven by high-net-worth and ultra-high-net-worth individuals, both domestic and international.

Related Stories

Govt Notifies Revised MSME Classification Criteria
100% Gram Panchayat Coverage Under JJM in Chhattisgarh
Govt Promotes R&D in Pharma Medtech Sector with AI Integration