India, November 9, 2022: Manan Shah, Managing Director of MICL Group, is a pioneering name in the construction and real estate space. Mr. Shah, the third generation entrepreneur, joined the company in 2013 and played a pivotal role in the growth of the company. His leadership has led the company to gain a solid scale with a turnover that crosses Rs. 1,100 crore as of March 22 and achieve successful diversification into real estate business which now contributes more than 60% of total revenue. Some of the major milestones include the construction of residential apartments in the Mumbai Region (MMR) under the ‘Aaradhya’ brand, which stands for holistic and luxurious living; delivering 12 projects with 1.3 mn. square feet of carpet area all ahead of time, achieving cumulative sales of more than Rs. 5,400 crore, building a portfolio of real estate projects of more than 3.4 million square feet and various other new projects of more than 1.7 million. square feet on the anvil, testify to his entrepreneurial vision.
The company’s real estate projects are designed to benchmark global standards while at the same time catering to the needs of clients living in populated Indian cities like Mumbai. To maximize apartment living space throughout the projects, lifestyle amenities and common areas have been harmoniously designed to enhance living and account for the additional square footage.
His innovation imbues projects with a fine blend of luxury and functionality, catering to the needs of today’s clientele: creating elegant living spaces while addressing space constraints, pet-friendly, senior-friendly and dedicated areas for children. The world-class facilities contribute to MICL’s goal of promoting not only premium projects, but also an elevated modern lifestyle.
A key feature of Manan’s vision is the incorporation of technology into projects. The Group constantly updates its quality control systems, ensures the timely delivery of projects through the STEN and MIVAN formwork systems, and incorporates ecological solutions into its projects. The project – ‘Aaradhya One’ is built on sustainable lines that include the installation of solar panels and the use of Net Metering technology, which have reduced the carbon footprint and significantly reduced the annual costs of energy consumption. In addition, Shah’s foresight has oriented projects from the beginning towards environmentally conscious steps such as the use of low-emission paints, economical but effective allocation of resources, optimization of the light source and ventilation in the apartments through French windows and much others.
In addition to the luxury living in the Aaradhya series and the sustainable approach of the project, the housing complex also boasts Vastu-compliant features, spacious spaces and the seamless incorporation of gardens into the design of the project. Notable projects under the guidance of Manan Shah, such as Aaradhya Highpark, have seen 93% of the houses being booked.
Manan has an eye for beauty and elegance. She is inspired by the best of luxury products and seeks to incorporate that aesthetic sense into her projects. Inspired by his travels and his passion for exquisite exclusivity, his leadership brings a sense of grandeur to living spaces. The detailed and personalized touch that Manan and his in-house design team try to bring to every corner of the projects reflects the MICL Group’s core philosophy: living better. The philosophy is the hand that guides the execution of the projects, transforming the efforts of ordinary real estate development to the creation of houses.
The company is also expanding its presence in Florida, USA, in both luxury brand residences and retail space by partnering through local developers and partnering with global brands such as ‘Marriott International’. Some of the worthy projects include the development of luxury beachfront condominiums, as well as the construction of sustainable and affordable co-living and co-working spaces under the URBIN brand.
Mr. Shah’s proven track record of excellence has earned him the ‘Maharashtra Bal Stambh’ Award in 2022 by the Governor of Maharashtra, and the ‘Iconic Young Achiever’ (2021) by the Times of India. In the last decade, under the leadership of Manan Shah, MICL Group, having established the real estate business in Maharashtra, the next decade is anticipated to grow and establish a presence beyond the borders, creating several milestones.
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