MICL Group Entity Man Aardhya Infraconstruction LLP Acquires Project In South Mumbai With Sales Potential Of ₹2,000+ Crores

Man Infraconstruction Limited (“MICL Group”), is pleased to announce the acquisition of development rights of Tardeo Court CHS & Tardeo Apartments CHS and outright purchase of Sethna House located at Tardeo in South Mumbai under the Cluster Redevelopment scheme 33(9).

Commenting on the development, Mr. 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.