Man Industries India is foraying into real estate, with a newly formed subsidiary called Man Infraprojects in Mumbai by investing INR 1,000 crore over 3 years to develop seven real estate projects in Mumbai, Navi Mumbai and Indore.
In Phase I, Man Industries will develop 3 projects, two in Mumbai and one in Navi Mumbai, with a built up area of over 1 million square feet. In Mumbai, it will develop 2 commercial projects in Bandra and Vile Parle, whereas in Navi Mumbai it develop a mixed use township complete with a 5 star hotel, a IT cum commercial centre besides a luxury residential block.
