Migsun Group to invest Rs 706 crores to develop a high-street commercial project in New Delhi

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New Delhi, 04-03-2023: NCR’s leading real estate company Migsun Group to develop a land parcel of 36,583 sq mt to develop a high-street commercial project from a private firm, Yogi Raj Promoters Pvt Ltd, in New Delhi’s Rohini. The Group will develop a 9-acre high-street commercial project with a total build-up area of 6.3 acres at the site. 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 Migsun Group announced that the total investment cost, including the development of the commercial project, will be Rs 706 crores. The company has revealed that it might purchase an additional Floor Area Ratio(FAR) to meet future demands. Talking about this Yash Miglani, Managing Director, Migsun Group, stated, “This Project will help us to 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.” The Migsun Group expects to deliver the high-street commercial project within three years.

With an establishment spanning over three decades, 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 Migsun 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.

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