Lucknow Project – Migsun to invest Rs 500 crore

Realty developer Migsun will invest Rs 500 crore in a residential and commercial project in Lucknow.

Located next to Medanta Hospital, the residential project will have approximately 1000 units, and the commercial project near Shaheed Path will be spread over 4 lakh sq ft.

“The demand for quality projects in Lucknow is huge. We are aggressively working towards providing a wholesome lifestyle to the people. With sector recovering at a fast pace, it becomes our duty to maintain a positive sentiment about the industry,” said Yash Miglani, MD, Migsun Group.

Migsun has recently announced the acquisition of HDFC and Ansal’s stake in Ansal IT City Park (SEZ) Tech Zone, Greater Noida, where it will develop the 37.5-acre mixed-use project with Commercial, IT, and Industrial. The Group will hand-over 4,000 apartments and commercial properties in six projects over the next one year.

Source: realty.economictimes.indiatimes.com