Man Infraconstruction Acquires Tardeo Development Rights
ECONOMY & POLICY

Man Infraconstruction Acquires Tardeo Development Rights

Man Infraconstruction Limited (MICL Group) said it has acquired development rights of Tardeo Court CHS and Tardeo Apartments CHS and has bought Sethna House at Tardeo under the Cluster Redevelopment scheme 33(9). The acquisition will be developed through Man Aaradhya Infraconstruction LLP, in which MICL Group holds about 50.5 per cent equity. The site comprises approximately 46,000 sq ft of plot area and is located in South Mumbai's billionaire address.

The company indicated the proposed Tardeo 2.0 project has an estimated sales potential exceeding Rs. 20 bn over the next four to five years and will augment the group’s ultra luxury portfolio. Together with the Aaradhya Avaan project and the Marine Lines development, the three South Mumbai projects represent an estimated sales potential exceeding Rs. 80 bn. The group described the acquisition as a continuation of its South Mumbai expansion strategy defined by scale, speed and market absorption.

MICL Group reported consolidated total income of Rs 12.31 billion and net profit of Rs 2.83 billion for the financial year ended 31 March 2025 and stated it was net cash positive at consolidated levels as on March 2025. The company said it operates two business verticals, construction and real estate development, and functions as an integrated engineering, procurement and construction company with nearly six decades of experience. It noted experience across port, residential, commercial, industrial and road construction segments and nationwide project execution.

The group said the Tardeo acquisition will be positioned at the ultra luxury end of the market and will seek to leverage its construction management and delivery capabilities to complete the project. It added that the project will be marketed and executed through the partnership vehicle and that the company will continue to pursue high value redevelopment opportunities in prime Mumbai locations.

Man Infraconstruction Limited (MICL Group) said it has acquired development rights of Tardeo Court CHS and Tardeo Apartments CHS and has bought Sethna House at Tardeo under the Cluster Redevelopment scheme 33(9). The acquisition will be developed through Man Aaradhya Infraconstruction LLP, in which MICL Group holds about 50.5 per cent equity. The site comprises approximately 46,000 sq ft of plot area and is located in South Mumbai's billionaire address. The company indicated the proposed Tardeo 2.0 project has an estimated sales potential exceeding Rs. 20 bn over the next four to five years and will augment the group’s ultra luxury portfolio. Together with the Aaradhya Avaan project and the Marine Lines development, the three South Mumbai projects represent an estimated sales potential exceeding Rs. 80 bn. The group described the acquisition as a continuation of its South Mumbai expansion strategy defined by scale, speed and market absorption. MICL Group reported consolidated total income of Rs 12.31 billion and net profit of Rs 2.83 billion for the financial year ended 31 March 2025 and stated it was net cash positive at consolidated levels as on March 2025. The company said it operates two business verticals, construction and real estate development, and functions as an integrated engineering, procurement and construction company with nearly six decades of experience. It noted experience across port, residential, commercial, industrial and road construction segments and nationwide project execution. The group said the Tardeo acquisition will be positioned at the ultra luxury end of the market and will seek to leverage its construction management and delivery capabilities to complete the project. It added that the project will be marketed and executed through the partnership vehicle and that the company will continue to pursue high value redevelopment opportunities in prime Mumbai locations.

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement