The Migsun Group has acquired a land parcel of 36,583 sq mt from Yogi Raj Promoters Pvt Ltd to develop a high-street commercial project 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.
The total investment cost, including the acquisition and 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.
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.
