MICL GROUP’S ENTITY MAN AARADHYAINFRACONSTRUCTION LLP ACQUIRES

PROJECT IN SOUTH MUMBAI WITH SALES POTENTIAL OF ₹2,000+ CRORES

Man Infraconstruction Limited (MICL Group) (BSE : BOM: 533169 NSE: MANINFRA )has announced a major expansion in South Mumbai with the acquisition of a new residential development in Tardeo.

The project has been secured by Man Aaradhya Infraconstruction LLP, in which the company holds a 50.5% equity stake, the company said in an exchange filing.

The acquisition includes development rights of Tardeo Court CHS and Tardeo Apartments CHS, along with the outright purchase of Sethna House, located in Tardeo, under the cluster redevelopment scheme.

The proposed development spans a plot area of over 46,000 square feet and is expected to be executed over the next four to five years.

Commenting on the development, Managing Director Manan Shah 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.”

He added that the project, referred to as “Tardeo 2.0”, is located in a prime micro-market and will further strengthen the company’s ultra-luxury residential portfolio.

The company said that its three key South Mumbai projects, Aaradhya Avaan at Tardeo, the Tardeo 2.0 development, and its Marine Lines project, together have an estimated sales potential exceeding ₹8,000 crore.