Man Infraconstruction shares up on project ‘Aaradhya OnePark’

Man Infraconstruction Ltd witnessed a remarkable surge of 5.27 percent in its shares following the announcement of its latest project, 'Aaradhya OnePark,' comprising residential units in Ghatkopar East, Mumbai. The company projects a sales revenue of Rs 1,200 crore over the next four years from this venture.

The project boasts a substantial carpet area of 4 lakh sq ft and has successfully obtained all requisite approvals, including the Intimation of Disapproval (IOD), Commencement Certificate (CC), Clearance from Aviation Authorities, and the Maha RERA registration certificate.

Expressing satisfaction with the progress, a spokesperson stated, "We are delighted to have received all the approvals from the concerned authorities. Construction work at the site has commenced and will be executed as per the scheduled timelines. The launch of Aaradhya OnePark marks a significant milestone in our journey towards becoming the preferred luxury real estate developers in Mumbai."

The positive market response to Man Infraconstruction Ltd's shares reflects investor confidence in the company's strategic expansion and the anticipated success of the 'Aaradhya OnePark' project in the bustling real estate market of Mumbai.

HBL