Migsun Group, a prominent real estate developer, has announced its plans to invest ₹426 crore in developing a mixed-use real estate project in Lucknow. The project, named Migsun Lucknow Central, aims to redefine urban living with its blend of retail spaces and studio apartments. This article delves into the details of this exciting venture and its significance for the real estate landscape in Lucknow.
Project Overview:
Migsun Lucknow Central, situated on Shaheed Path in Lucknow, spans across approximately 20,239 square meters of land. Additionally, RERA has approved the project, is set to offer a diverse range of amenities, including high street retail, food court facilities, and business suites. With a focus on catering to both end users and investors, each unit is priced competitively at around ₹49 lakh.
Investment and Funding:
The total investment of ₹426 crore encompasses the cost of the land and the development of the project. Migsun Group plans to finance the venture through a combination of internal accruals and customer advances. The project is slated to be executed in multiple phases over a period of 36 months, with the first phase scheduled for completion by 2027.
Strategic Vision:
Yash Miglani, Managing Director of Migsun Group, expressed enthusiasm for the launch of Migsun Lucknow Central, highlighting its significance as the company’s second commercial project in Lucknow. With the success of their previous venture, Migsun Janpath, Migsun Group aims to establish Migsun Lucknow Central as another landmark development in the city’s real estate landscape.
Company Profile:
Migsun Group boasts a track record of completing 40 projects, showcasing their expertise and commitment to delivering quality developments. With their latest project, the company continues to demonstrate its dedication to providing innovative and sustainable real estate solutions.
Conclusion: The announcement of Migsun Lucknow Central marks a significant milestone in the real estate sector of Lucknow. As Migsun Group embarks on this ambitious project, it underscores their vision for creating modern and inclusive spaces that resonate with the evolving needs of urban dwellers. With its strategic location, comprehensive amenities, and competitive pricing, Migsun Lucknow Central is poised to set new benchmarks in urban living.
