MICL Group Secures IOA for Tardeo 2.0 Project (₹2,000+ Cr GDV)

Man Infraconstruction Limited (MICL Group) has announced securing the Intimation of Approval (IOA) for its Tardeo 2.0 project in South Mumbai. This milestone signifies progress towards vacating premises, demolition, and obtaining necessary approvals for the project, which has an estimated Gross Development Value (GDV) exceeding ₹2,000 crores. The project is slated for launch in FY27 and will be developed through Man Aaradhya Infraconstruction LLP, with MICL Group holding a 50.5% equity stake. This development, along with other marquee projects in South Mumbai, contributes to a cumulative GDV potential exceeding ₹8,000 crores, strengthening MICL Group's presence in the premium residential market.