MIL has a real estate & infrastructure development division which has developed 3.68 lakh sq. ft. of prime property in Mumbai. Projects include a 40 storey residential tower called Belvedere Court and a business center called Modern Center. At present MIL has a total land bank of 18.94 lakh sq. ft. in Mumbai and its surrounding areas of which the company is planning to develop 14.75 lakh sq ft.