MICL Group entity acquires South Mumbai project; ₹2,000 Cr sales potential

Man Infraconstruction Limited (MICL Group) announced the acquisition of development rights for Tardeo Court CHS & Tardeo Apartments CHS, and outright purchase of Sethna House in Tardeo, South Mumbai, under the Cluster Redevelopment scheme 33(9). This marks the Group's third acquisition in South Mumbai. The new project, "Tardeo 2.0," spans over 46,000 sq. ft. of plot area and is strategically located in a prime ultra-luxury area. The proposed development has an estimated sales potential exceeding ₹2,000 crore over the next 4-5 years. Including two other projects, the total estimated sales potential for MICL's three South Mumbai projects now exceeds ₹8,000 crores. The project will be developed through Man Aaradhya Infraconstruction LLP, where MICL Group holds approximately a 50.5% equity stake.