The Migsun Group is planning to develop a high-street commercial project at the newly-acquired site in New Delhi. The company will invest close to Rs 706 crore in the development and construction of the high-street commercial project.
The Group will develop a 9-acre high-street commercial project with a total build-up area of 6.3 acres at the site. The Migsun Group is one of the leading real estate developers in Delhi-NCR, with various affordable housing, premium, and commercial projects in Delhi, Ghaziabad, Noida, and Greater Noida to its credit.
The total investment cost, including the development of the commercial project, will be Rs 706 crore. The company revealed that it might purchase an additional Floor Area Ratio (FAR) to meet future demands.
Talking about this, Yash Miglani, Managing Director, Migsun Group, said, “This project will help us strengthen our presence in North Delhi. Rohini is one of the rapidly-growing commercial real estate markets in Delhi-NCR, and we thought that this was an opportune time to tap into this lucrative market and give consumers a high-street retail experience.”
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The Migsun Group expects to deliver the high-street commercial project within three years.
With an establishment spanning over three decades, the Migsun Group has delivered more than 40 projects in Delhi-NCR and developed more than 20 million sq ft of land in different pockets of the territory. The majority of its commercial projects are located in Ghaziabad and Greater Noida. The company has expanded its base and launched retail and residential projects in Tier 2 cities like Lucknow.