MICL Mount Mary

MICL Mount Mary is an upcoming ultra-luxury, boutique sea-view residential project off Bandstand in Mount Mary, Bandra West, Mumbai. It is being built by MICL Group through its MS Collection Residences vertical, and it is also searched as The One & Only. The project is at the Upcoming stage, with an estimated gross development value of over ₹1,000 crore, and the wider Bandra West market gives a useful yardstick, with a median asking rate of ₹74,958 per sq ft.

Facts as on August 2026, from the developer.

About MICL Mount Mary

Mount Mary sits in the heart of Bandra West, bounded by Pali Hill to the north and Carter Road to the south. MICL's site here covers a plot of over 30,000 sq ft, a size that suits a low-density, boutique scheme rather than a crowded tower cluster. The company acquired the site in May 2026 and has positioned it as an ultra-luxury sea-view residence under its MS Collection Residences banner. The site is still in its early days. Existing building members have begun vacating, and demolition of the old structure is expected to start soon, with August 2026 flagged in the company's own timeline.

Key Highlights

• Plot size: over 30,000 sq ft in Mount Mary, off Bandstand.
• Estimated GDV: over ₹1,000 crore, one of the larger ultra-luxury sea-view bets in the western suburbs this year.
• Positioning: an ultra-luxury, boutique sea-view residence within MS Collection Residences.
• Ownership: MICL Group holds about 70% stake in the project.
• Approval progress: Intimation of Approval received in the April to June 2026 quarter, and the Intimation of Disapproval applied for as per the May 2026 announcement.
• Launch window: expected within FY2026-27, which runs from April 2026 to March 2027.
• Airport access: Chhatrapati Shivaji Maharaj International Airport (T2) is around 8 to 10 km away.

Location Advantages

Mount Mary is one of the few pockets in Bandra West where a sea-facing address still feels private, and that is a big part of the pitch here. The Bandra railway station on the Western Line is close by, giving access to Churchgate and the business districts along the corridor. Western Express Highway and Link Road run next to the area, while the Bandra-Worli Sea Link, SV Road and Linking Road add further options for getting around the city.

There are honest trade-offs. Bandra West roads are congested at peak hours, and several corridors nearby are seeing active construction, so the surroundings will be busy with work for some time before they settle. Buyers should weigh that against the connectivity gains still on the way.

Location Map — available on request

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What's Nearby — Rail, Road and Airport

• Rail: Bandra railway station on the Western Line, serving Churchgate and business districts.
• Road: Western Express Highway, Link Road, SV Road, Linking Road and the Bandra-Worli Sea Link.
• Air: Chhatrapati Shivaji Maharaj International Airport (T2), around 8 to 10 km away.
• Sea-face corridor: Carter Road, which sits in the catalyst zone for the coastal road project.

Upcoming Infrastructure

• Metro Line 2B (Yellow Line): a 23.6 km corridor from D.N. Nagar to Mandale, with a station at Bandra near National College. It is under construction, with full commissioning expected in 2026 or 2027. For Mount Mary, this means a metro option within walking reach of the Bandra West core once it opens.
• Metro Line 2B cable-stayed bridge: a 200 m span across the Western Express Highway and the Western Railway corridor near Bandra station, with steel works already started.
• Metro Line 11 extension: a 6.9 km Dharavi to Bandra link adding five stations, including Bandra West and Bandra Terminus, at an estimated cost of about Rs 23,487 crore.
• Coastal Road Phase 2: the Carter Road sea-face is part of the catalyst zone, with opening stated for the second half of 2026.
• Bandra-Versova Sea Link: a proposed link that would extend the western sea-face corridor further north.

Price & Configuration

MICL Mount Mary is at the Upcoming stage, so the unit-level pricing is not set out on this page. The useful way to read its likely price position is through the locality. As per current market data, Bandra West shows a median asking rate of ₹74,958 per sq ft as of November 2026, while the average sale rate stands at ₹65,650 per sq ft. Over five years, average sale rates in the locality have climbed 20.7%, which points to a market where pricing has held firm even through slower periods.

For a sense of how ultra-luxury sea-view pricing sits in the developer's own portfolio, its Aaradhya Avaan project in Tardeo lists a 3 BHK sea-view home at Rs 9.8 Cr, equal to Rs 75,560 per sq ft, and a 4 BHK sea-view home at Rs 20.65 Cr, equal to Rs 103,405 per sq ft. Those figures show how steeply the rate rises once a sea-view unit moves into the larger configurations.

Master / Floor Plan — available on request

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Launch & Possession Timeline

• 18 May 2026: MICL announced the acquisition of the ultra-luxury sea-view site off Bandstand, with an estimated GDV of Rs 1,000+ crore.
• April to June 2026 (Q1 FY27): Intimation of Approval received for the Mount Mary project.
• August 2026: management said Mount Mary would be among the launches planned this year, alongside Tardeo 2.0 and Marine Lines.
• August 2026 onward: demolition of the existing structure is set to start soon, after existing building members vacate.
• FY2026-27: launch expected within April 2026 to March 2027. The earlier plan had pointed to Q1 FY28, so the launch window has moved forward.

RERA & Approvals

MICL Mount Mary is not yet RERA registered and is not open for sale or booking until registration is complete. The approvals in hand so far are the Intimation of Approval, received in the quarter ended June 2026, and an Intimation of Disapproval that the company has applied for, as per its May 2026 announcement. Buyers should treat the registration stage as the real checkpoint before any commitment.

Investment Analysis

• Price against the locality: the Bandra West median asking rate of ₹74,958 per sq ft (November 2026) is the benchmark the project will be judged against.
• Appreciation: the locality's average sale rate has risen 20.7% over five years, supported by a supply-constrained micro-market.
• Rental yield: gross yields in Bandra West are about 2%, and Pali Hill sits lower at around 1.5 to 2.0%. This is primarily a capital appreciation play rather than a rental-income asset.
• Resale demand: sustained end-user demand in Bandra West has kept pricing resilient, and sea-view inventory tends to draw the deepest buyer pool.
• Peer comparison: the developer's Aaradhya Avaan in Tardeo lists sea-view units at Rs 75,560 per sq ft for 3 BHK and Rs 103,405 per sq ft for 4 BHK, showing how premium sea-facing pricing runs within the same family of projects.

Pros and Cons

Pros

• A rare boutique sea-view site of over 30,000 sq ft in Mount Mary, one of Bandra West's most sought-after micro-markets.
• A developer that has delivered 19 projects, all reported before time, with more than 2.8 million sq ft of carpet area handed over.
• The developer is net debt-free and has sales of over ₹8,260 crore to its name, which lends weight to its ability to fund a project of this size.
• Infrastructure is coming up fast, with Metro Line 2B, Metro Line 11 and Coastal Road Phase 2 all in the pipeline.
• Strong locality-level price resilience, with average sale rates up 20.7% over five years.

Cons

• The project is not yet RERA registered and cannot be sold or booked until registration is complete.
• Rental yields of around 2% make the asset a capital-growth bet, so cash flow in the early years will be limited.
• The site is still at the pre-construction stage, with demolition yet to begin, so delivery depends on approvals and execution still ahead.
• Metro lines and the coastal road are under construction, so the full connectivity benefit will take time to arrive.
• Entry-level pricing in Bandra West is already among the highest in the city, which leaves limited room for error on value.

Who Should Buy This

Ideal for: long-horizon buyers who want a sea-view, ultra-luxury residence in Bandra West and can wait through the approval and construction period. It also suits investors who are comfortable with a capital-growth thesis rather than rental income.

Not ideal for: buyers who need possession within the next year or two, or anyone looking for steady rental cash flow.

About the Developer

MICL Group traces its roots to 1964, when it began as an industrial contractor, and has been listed on the NSE and BSE since 2010. It entered real estate in 2012 with Aaradhya Tower in Ghatkopar, Mumbai. Its record includes 19 projects delivered, all reported before time, and Aaradhya Evoq in Juhu was handed over in Q2 2025, within 2.5 years of launch.

FAQ — Frequently Asked Questions

Q: Where exactly is MICL Mount Mary located?

A: MICL Mount Mary is located off Bandstand in Mount Mary, Bandra West, Mumbai, with Pali Hill to the north and Carter Road to the south.

Q: Who is developing MICL Mount Mary?

A: The project is being developed by MICL Group through its MS Collection Residences vertical, and the group holds about 70% stake in it.

Q: When is the MICL Mount Mary launch expected?

A: Management expects the launch within FY2026-27, which runs from April 2026 to March 2027.

Q: How far is MICL Mount Mary from the airport and the railway?

A: Chhatrapati Shivaji Maharaj International Airport (T2) is around 8 to 10 km away, and Bandra railway station on the Western Line is close by.

Q: Is Bandra West a good place to invest in property?

A: Bandra West is a supply-constrained market with an average sale rate of ₹65,650 per sq ft, up 20.7% over five years, though gross rental yields of about 2% mean returns come mainly from price growth.

Q: Has MICL delivered its projects on time?

A: MICL has delivered 19 projects, all reported before the scheduled time, including Aaradhya Evoq in Juhu, handed over within 2.5 years of launch.