• MICL Group's entity acquires Tardeo project via cluster redevelopment scheme 33(9) in South Mumbai.
• The project has an estimated sales potential exceeding ₹2,000 crore over the next 4-5 years.
• MICL Group holds approximately 50.5% equity stake in the developing entity Man Aaradhya Infraconstruction LLP.
• This marks the group's third South Mumbai project, bringing total portfolio sales potential to ₹8,000+ crores.