Maninfra Share Price in Focus on Securing Intimation of Approval for its Tardeo 2.0 Project, South Mumbai

Man Infraconstruction Limited (MICL Group) has secured the Intimation of Approval (IOA) for its Tardeo 2.0 project located in South Mumbai. 

The company disclosed the development through a press release filed with the stock exchanges on June 24, 2026.  

IOA Received for Tardeo 2.0 Project  

According to the company, the approval marks a key milestone for the Tardeo 2.0 development and enables progression towards vacating premises, preparation for demolition, and obtaining the requisite approvals ahead of the project's launch.  

MICL stated that the Tardeo 2.0 project has an estimated Gross Development Value (GDV) of more than ₹2,000 crore. The project is planned for launch during FY27.  

Located in South Mumbai 

The development is spread across approximately 46,000 square feet of plot area and is situated in Tardeo, one of South Mumbai's established residential locations.  

The company said that Tardeo 2.0, along with Aaradhya Avaan and its Marine Lines project, represents cumulative GDV potential exceeding ₹8,000 crore.  

Project To Be Developed Through LLP 

The Tardeo 2.0 project will be developed through Man Aaradhya Infraconstruction LLP, in which MICL Group holds approximately 50.5% equity stake.  

Read More: Bajaj Finance Share Price in Focus; Allots ₹2,000.45 Crore NCDs Through Private Placement! 

Maninfra Share Price Performance 

As of 24 June 2026, at 2:54 PM, Man Infraconstruction share price was trading at ₹105.10 per share, reflecting a surge of 1.05% from the previous trading session. 

Conclusion 

MICL Group has received the Intimation of Approval for its Tardeo 2.0 project in South Mumbai. The project has an estimated GDV exceeding ₹2,000 crore, spans around 46,000 square feet of plot area, and is scheduled for launch in FY27.  

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