Business Update29 Apr 2026, 12:50 pm
MICL Dominates South Mumbai with ₹8,000 Cr Portfolio
AI Summary
Man Infraconstruction Ltd (MICL) announced that it continues to dominate its presence in South Mumbai with a marquee portfolio that is set to shape India’s evolving skyline, with an estimated Gross Development Value (GDV) of over ₹8,000 crore. The portfolio includes Aaradhya Avaan at Tardeo, a sea-facing development at Marine Lines, and the Tardeo 2.0 project. These projects span approximately 5.75 million square feet.
Key Highlights
- MICL's South Mumbai portfolio has an estimated GDV of over ₹8,000 crore.
- The portfolio spans a cumulative construction area of approximately 5.75 million square feet.
- MICL is confident in sustained demand for luxury housing in South Mumbai.
- MICL reported Total Income of ₹1,231 Crores and Net Profit of ₹283 Crores for FY25.
- MICL is a net cash positive company at consolidated levels as of March 2025.