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Migsun Gp to invest Rs 706 cr to develop high-street commercial project 

New Delhi, March 1, 2023: Migsun Group has acquired 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. 

The Migsun Group announced that the total investment cost, including the development and construction of the commercial project, will be Rs 706 crores. The company also added that it might purchase an additional Floor Area Ratio (FAR) to meet future demands. Talking about the new acquisition, Yash Miglani, Managing Director, Migsun Group, stated, “This land acquisition 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.