India, May 5 -- Man Infraconstruction Limited (MICL), a listed real estate developer, plans to launch an ultra-luxury project with luxury apartments priced at above Rs.1 lakh per sq ft in Mumbai's upscale Pali Hill locality of Bandra by December 2025. The luxury project will be developed as part of the redevelopment of the Virgo Cooperative Housing Society, where Bollywood actor Aamir Khan owns multiple apartments.

Aamir Khan, who is in the news for his poster of Sitaare Zameen Par, a spiritual sequel to his critically acclaimed Taare Zameen Par (2007), owns approximately 12 apartments in his building, which is expected to undergo redevelopment by the end of 2025.

Aamir Khan will receive a new set of units as the building undergoes rede...