MICL Bags Nod for ₹2,000 Cr Tardeo 2.0 Luxury Project

Man Infraconstruction Limited (MICL Group) has achieved a major milestone with the receipt of the Intimation of Approval (IOA) for its premium residential project, Tardeo 2.0, in South Mumbai. Spread over a prime 46,000 sq. ft. plot, the highly anticipated luxury development boasts a Gross Development Value (GDV) potential exceeding Rs 2,000 crore and is slated for launch in FY27.

The project will be executed via Man Aaradhya Infraconstruction, where MICL Group holds a dominant 50.5% equity stake. Alongside flagship developments like Aaradhya Avaan and the Marine Lines project, Tardeo 2.0 pushes MICL’s cumulative South Mumbai GDV pipeline past Rs 8,000 crore, firmly cementing its long-term growth strategy in the ultra-luxury residential market.

News by Rahul Yelligetti.