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      City Updates

      MICL Group acquires Tardeo project with ₹2,000 crore sales potential

      MICL Group
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      Man Infraconstruction Limited (MICL Group) has strengthened its South Mumbai portfolio with the acquisition of a prime redevelopment project in Tardeo, through its entity Man Aaradhya Infraconstruction LLP.

      The development, spread across approximately 46,000 sq. ft., is expected to generate a sales potential exceeding ₹2,000 crore over the next 4–5 years, further reinforcing the group’s focus on high-value, ultra-luxury projects in one of Mumbai’s most premium micro-markets.

      Commenting on the development, Manan Shah, Managing Director, Man Infraconstruction Limited, said, “The Group’s South Mumbai journey is defined by scale, speed, and consistent market absorption. We are happy to have achieved a hat-trick in South-Mumbai with our latest acquisition at Tardeo.

      The new acquisition, “Tardeo 2.0” comprising approximately 46,000+ sq. ft. of plot area is strategically located along South Mumbai’s celebrated Billionaires’ address, which will elevate the group’s ultra-luxury portfolio. The proposed development has an estimated sales potential exceeding ₹2,000 crore over the next 4–5 years.

      The Aaradhya Avaan project at Tardeo, the Tardeo 2.0 project, and the Marine Lines development; these three marquee South Mumbai projects together represent an estimated sales potential exceeding ₹8,000 crores.”

      The project will be developed through Man Aaradhya Infraconstruction LLP, in which MICL Group holds an approximately 50.5% equity stake.

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