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Private Sector | Uttar Pradesh - India | PID: 202760
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Migsun Group will develop a mixed-use real estate project in Lucknow, Uttar Pradesh with an investment of Rs 426 crore. The Group had bought the land from Medanta.
Migsun Lucknow Central, located on Shaheed Path is spread over an area of approx.20,239 sq. mtrs. of land. The development is expected to include retail spaces and studio apartments.
Each unit is priced at around Rs 49 lakh, and is suitable for both end users and investors. It offers high street retail, food court, and business suites. Around 500 units have been launched in the first phase. The company will be funding the project through internal accruals as well as customer advances. The project is expected to be executed in multiple phases over 36 months, with the first phase to be handed over to the buyers in 2027.
This is the Group's second commercial project in Lucknow, while its first project, Migsun Janpath has emerged as the city’s landmark. The company has so far completed 40 projects.
| Updated on: 16 - Apr - 2024
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