Migsun to invest Rs 250 crore in Greater Noida project

New Delhi: Realty developer Migsun has entered into a joint development agreement with Royal Golf Link City Projects to develop a 9 acre residential and retail space in Greater Noida with an investment of Rs 250 crore.

Migsun will develop 138 villas and 2.5 lakh sq ft of retail space in Royal Golf’s gated township.

“We have acquired two land parcels of 7 acre and 2 acre and have entered into a revenue share agreement with the land owner. We have already sold inventory worth Rs 421 crore and are in talks to acquire more land in the same township,” said Yash Miglani, MD, Migsun group.

Located adjoining the Golf Course at Greater Noida, the villas, plots and retail shops are facing the Metro station.

“The sales prove that the demand for plots has increased manifold, especially after the situation that people faced last year. In this project, we will take care of every need of the residents, and add value to their lifestyle,” Miglani added.

Migsun Group will hand-over 4,000 apartments and commercial properties in six projects over the next one year.

The company is currently executing 16 projects, both residential and commercial, in various parts of Delhi NCR.

Migsun has also acquired the stake of HDFC and Ansal in Ansal IT City Park (SEZ) Tech Zone, Greater Noida, where it will develop the 37.5-acre mixed-use project with Commercial, IT, and Industrial.

“The project will have 50% IT/ITeS offices, 15% industrial, and 15% commercial. SEZs are major contributors to the growth of a country’s GDP. By developing this project, we want to be a part of this economic prosperity and bring in employment opportunities for the people in the Noida region,” said Miglani.

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