Mumbai, October 3, 2024: Mumbai’s luxury real estate market continues to attract significant investments. The Maharashtra Industrial Development Corporation (MICL) has recently secured a commencement certificate for its prestigious residential project, ‘The Imperial.’ This development, valued at a staggering ₹1,200 crore, is poised to redefine luxury living in Mumbai’s Bandra Kurla Complex (BKC).
‘The Imperial’ is strategically located within the BKC, a vibrant commercial hub known for its world-class infrastructure and upscale lifestyle. The project comprises a total of 30 luxurious apartments, each offering unparalleled views of the city’s skyline. These spacious residences boast high-end finishes, state-of-the-art amenities, and meticulous attention to detail.
The acquisition of the commencement certificate marks a significant milestone for MICL and the project. It signifies that the development has received all necessary approvals and can now proceed with construction. This development is expected to boost the luxury real estate market in BKC, further cementing its position as one of Mumbai’s most sought-after residential destinations.
The launch of ‘The Imperial’ comes at a time when Mumbai’s luxury real estate market is experiencing a surge in demand. The city’s strong economic growth, coupled with a limited supply of premium properties, has driven up prices and increased competition among developers. MICL’s ‘The Imperial’ is poised to stand out from the crowd with its exceptional location, luxurious amenities, and high-quality construction.
The project’s estimated completion timeline is 2026. Upon completion, ‘The Imperial’ is expected to set a new benchmark for luxury living in Mumbai. The development’s success will further enhance the reputation of BKC as a premier residential address, attracting discerning buyers who seek the best that the city has to offer.
