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Real Estate News, Property Prices, Housing, Commercial Development | The HinduBusinessLine

Sobha Q4 profit up at ₹92 cr; FY26 profit rises 2 times to ₹193 cr Godrej Properties FY26 profit rises 32% to ₹1,850 crore, stock gains WeWork India opens Aerocity centre, adds 1.1 lakh sq ft in Delhi-NCR Listed realty firms tighten grip on land deals as market consolidates in FY26 Concorde leases 1.4 lakh sq ft to BHIVE at Bengaluru’s Econex Ramky Estates takes over ₹2,000-crore stressed residential projects from Skylark Builders in Bengaluru Brigade, Bain Capital to develop ₹2,200 crore mixed-use project in Bengaluru Cognizant pre-leases 6.5 lakh sq ft in Chennai to set up GCC for US Bancorp Strong leasing boosts Mindspace REIT’s Q4 performance Embassy REIT eyes 10–12 msf acquisitions; demand tailwinds support growth Mahindra Lifespace pre-sales rise 21% to ₹3,405 crore in FY26 on strong housing demand Maharashtra amends sand policy, deploys flying squads to curb illegal mining DRA partners with California-based Slate AI for AI-led construction management GIFT City to expand its area by 15%; over 161 acres to be added Real estate shifts to delivery-led growth as RERA tightens norms: NBR Group Meghna Infracon to invest ₹500 cr on five redevelopment projects in Mumbai region Domestic capital drives 76% of India's real estate investment, foreign inflows stay muted: Report Nvidia inks 10-year lease for 7.6 lakh sq ft office space in Bengaluru Office market shines in Jan-Mar despite global headwinds; net leasing up 7% in top 7cities: JLL Mehul H Doshi assumes charge as president of CREDAI Chennai for 2026–2028 Sales of affordable homes down 23% in Jan-Mar to 16,273 units in top 8 cities: Knight Frank India real estate demand remains stable in Q1 despite launch slowdown: Equirus Lodha Developers bets on data centres and low leverage as it targets sustained growth after record FY26 Real estate deals down 63% to $763 mn in Jan-Mar against Dec quarter: Report Chalet Hotels acquires Udaipur resort for ₹171 crore Bengaluru’s next real estate boom to be driven by expansion of metro lines Sunteck Realty Q4 pre-sales rise 22% to ₹1,064 cr Capital inflows in Indian real estate rise 72% to record $5.1 billion in Jan-Mar: CBRE Table Space adds 4.25 lakh sqft in Mumbai, Pune Asset Homes charts road map for FY27; to launch 28 projects
MICL Group acquires 2 projects in South Mumbai with sales...
By BL Mumbai Bureau · 2026-04-29 · via Real Estate News, Property Prices, Housing, Commercial Development | The HinduBusinessLine
The Aaradhya Avaan project at Tardeo, the Tardeo 2.0 project, and the Marine Lines development are the three marquee South Mumbai projects that together represent an estimated sales potential exceeding ₹8,000 crore, said the company.

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

Man Infraconstruction has acquired the development rights of Tardeo Court Co-op Housing Society and Tardeo Apartments CHS through outright purchase of Sethna House located at Tardeo in South Mumbai under the Cluster Redevelopment scheme 33(9).

Manan Shah, Managing Director, Man Infraconstruction, said the Group’s South Mumbai journey is defined by scale, speed and consistent market absorption.

The new acquisition, “Tardeo 2.0”, comprising about 46,000 sqft of plot area is strategically located along South Mumbai’s celebrated billionaires’ address, which will elevate the group’s ultra-luxury portfolio, he said.

The proposed development has an estimated sales potential exceeding ₹2,000 crore over the next 4–5 years, he added.

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

The project will be developed through Man Aaradhya Infraconstruction LLP, in which MICL Group holds about 50.5 per cent equity stake.

Published on April 29, 2026