The ₹2,000 Crore Landmark: MICL Group Enters Tardeo 2.0

Man Infraconstruction (MICL Group) has acquired development rights for Tardeo Court CHS and Tardeo Apartments CHS, along with the outright purchase of Sethna House, under Mumbai’s Cluster Redevelopment Scheme 33(9).

The project, titled “Tardeo 2.0,” is spread across over 46,000 sq. ft. of prime land in South Mumbai’s prestigious “Billionaires’ Street” district. It is expected to generate sales exceeding ₹2,000 crore over the next four to five years, further strengthening MICL Group’s presence in the ultra-luxury real estate segment. The development will be undertaken through Man Aaradhya Infraconstruction, in which MICL holds a 50.5% stake.

Together with Aaradhya Avaan in Tardeo and its Marine Lines project, MICL’s three marquee developments represent a combined estimated sales potential of over ₹8,000 crore.

Commenting on the acquisition, Managing Director Manan Shah stated that the Group’s journey in South Mumbai continues to be driven by scale, speed, and strong market absorption. He highlighted that this latest acquisition marks MICL’s third major success in the region, reflecting its consistent expansion strategy in high-value micro-markets.

The move reinforces MICL Group’s focus on premium redevelopment opportunities in South Mumbai, where strong demand for luxury housing and limited land availability continue to drive growth.

News by Rahul Yelligetti.