MoneyWorks4Me

Man Infraconstruction secures IOA for Tardeo 2.0 project in South Mumbai

24 Jun 2026 Evaluate

Man Infraconstruction (MICL Group) has secured Intimation of Approval (IOA) for its Tardeo 2.0 project located in South Mumbai. The approval enables progression towards vacating premises, preparation for demolition and obtaining requisite approvals ahead of launch. With an estimated Gross Development Value (GDV) exceeding Rs 2,000 crore, the project is planned for launch in FY27.

Aggregating around over 46,000 sq. ft. of plot area and located at one of South Mumbai’s most established and premium residential addresses, the development further strengthens the company’s presence in this strategic micro-market. The Tardeo 2.0 project will be developed through Man Aaradhya Infraconstruction LLP, in which MICL Group holds about 50.5% equity stake. 

Man Infraconstruction is an India-based company engaged in the business of civil construction. The company’s operations consist of construction / project activities/real estate activities.


Peers
Company Name CMP
Larsen & Toubro 3819.50
Kalpataru Projects 1390.30
NCC 135.00
Rail Vikas Nigam 197.10
KEC International 397.60
View more..