Mumbai Realty
MICL’s Tardeo 2.0 secures approval, with launch targeted for FY27
MICL Group’s upcoming Tardeo 2.0 redevelopment in South Mumbai secured an Intimation of Approval (IOA), announced on 24 June 2026. The company has targeted a launch in FY27, which runs through March 2027.
| Developer | Man Infraconstruction Limited, branded MICL Group, through Man Aaradhya Infraconstruction LLP |
|---|---|
| Location | Tardeo, South Mumbai |
| Project type | Residential cluster redevelopment |
| Land area | Approximately 46,000 sq ft |
| Approval status | Intimation of Approval secured; announced 24 June 2026 |
| Launch target | FY27 |
Approval secured; launch remains ahead
As of October 2026, Tardeo 2.0 is an upcoming, pre-construction project. MICL announced that it had secured an Intimation of Approval on 24 June 2026. The approval allows the project to move towards steps including vacating existing premises, demolition and further statutory clearances ahead of launch.
The launch is targeted for FY27, the financial year running from April 2026 to March 2027. The announcement does not set a specific launch month.
Redevelopment components and project scale
MICL, through Man Aaradhya Infraconstruction LLP, secured development rights for Tardeo Court CHS and Tardeo Apartments CHS, and purchased Sethna House. The redevelopment is being pursued under scheme 33(9). MICL holds about 50.5% equity in the LLP.
The project is expected to cover approximately 46,000 sq ft of land and has an estimated gross development value of more than ₹2,000 crore. The project has been described as ultra-luxury. As of October 2026, no unit configurations, prices or possession timeline have been announced in the cited project coverage.
Tardeo location
Tardeo is an established residential and commercial locality in South Mumbai. The area is connected by Tardeo Road and the Eastern Express Highway, with Mumbai Central and Grant Road railway stations nearby. Locality references also identify hospitals including Breach Candy and Jaslok, and schools and retail destinations in the wider area.
These are locality-level connections and amenities; they do not establish distances from the project’s exact plot.
Frequently asked questions
What is the current status of Tardeo 2.0?
As of October 2026, it is an upcoming, pre-construction residential redevelopment. MICL announced that it had secured an Intimation of Approval on 24 June 2026.
Who is developing Tardeo 2.0?
The project is being undertaken through Man Aaradhya Infraconstruction LLP. MICL Group, the brand of Man Infraconstruction Limited, holds about 50.5% equity in the LLP.
When is Tardeo 2.0 expected to launch?
The launch is targeted for FY27, which runs from April 2026 to March 2027.
What is the scale of the project?
The redevelopment is expected to cover approximately 46,000 sq ft of land and has an estimated gross development value of more than ₹2,000 crore.