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CONSTRUCTION
DALMIA BHARAT PARTNERS WITH DELHI PWD TO improve air quality, which is important in highly populated cities
TRANSFORM UNDER-FLYOVER SPACES INTO SUSTAINABLE like Delhi. Our vision is to make these spaces environment friendly
URBAN HUBS as well as create art and cultural experiences for the youth in
Dalmia Bharat Ltd. (DBL), one of India’s leading cement these spaces and make them fun, relaxing and enjoyable.”
companies has partnered with the Public Works Department
(PWD), Government of Delhi, to undertake the beautification of MICL GROUP’S ENTITY MAN AARADHYA
select spaces beneath key flyovers and a road stretch in the INFRACONSTRUCTION LLP ACQUIRES PROJECT IN SOUTH
capital. The MoU was signed on 6 April 2026 in the presence MUMBAI WITH SALES POTENTIAL OF `2,000 + CRORES
of the Hon’ble Chief Minister of Delhi, Smt. Rekha Gupta. Man Infraconstruction Limited (“MICL Group”), is pleased to
Covering Lodhi Flyover (near Oberoi Hotel), Oberoi Flyover announce the acquisition of development rights of Tardeo Court
(near Neela Gumbad), Mangi Bridge and Hanuman Setu, the CHS & Tardeo Apartments CHS and outright purchase of Sethna
initiative aims to enhance urban aesthetics while promoting House located at Tardeo in South Mumbai under the Cluster
environmental sustainability and biodiversity restoration. DBL will Redevelopment scheme 33(9).
lead the design, development, and maintenance of these sites, Commenting on the development, Manan Shah, Managing
including landscaping, plantation and upkeep, with a defined Director, Man Infraconstruction Limited, said, “The Group’s
maintenance period of three years post completion. South Mumbai journey is defined by scale, speed, and consistent
This initiative builds on Dalmia Bharat’s broader CSR commitment market absorption. We are happy to have
to community development and its role as Monument Mitra for achieved a hat-trick in South-Mumbai with
the Red Fort, where it drives conservation efforts while enriching our latest acquisition at Tardeo.
cultural and visitor experiences. The new acquisition, “Tardeo 2.0”
Commenting on the occasion Puneet Dalmia, MD & CEO, comprising approximately 46,000+ sq. ft.
Dalmia Bharat Limited said, “I congratulate Hon’ble Chief of plot area is strategically located along
Minister Rekha Gupta and the Delhi Government for the initiative South Mumbai’s celebrated Billionaires’
to develop the under-flyover spaces in address, which will elevate the group’s
PPP mode and multiply the efforts of ultra-luxury portfolio. The proposed development has an
PWD and Govt of Delhi. These open and estimated sales potential exceeding `2,000 crore over the next
often neglected spaces present new 4–5 years.
possibilities, from re-imagining the city’s The Aaradhya Avaan project at Tardeo, the Tardeo 2.0 project,
aesthetics and visual appeal to creating and the Marine Lines development; these three marquee South
spaces where communities connect. Mumbai projects together represent an estimated sales potential
Dalmia Bharat is honoured to be entrusted exceeding `8,000 crores.”
with responsibility of the Hanuman Setu, Lodhi Flyover, Oberoi The project will be developed through Man Aaradhya
Flyover and Mangi Setu. We are ideating how to reimagine these Infraconstruction LLP, in which MICL Group holds an approximately
spaces as blue green infrastructure through landscaping and 50.5% equity stake.
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