Migsun Group Commences the work of mixed-use project in Lucknow worth Rs. 426-cr

Delhi-NCR based real estate developer Migsun Group has acquired land from Medanta in Lucknow where it will launch a mixed-use project at an investment of Rs. 426 crore. The RERA approved firm has announced that, the mixed-land use project which is known as 
'Migsun Lucknow Central' will be having high street retail spaces, food court and studio apartments.

The project Migsun Lucknow Central is spread across approximately 20,239 square meters of land, and it is located at Shaheed Path in Lucknow. The company said that each unit in the project is priced at approximately Rs. 49 Lakh and around 500 units have been launched in the first phase of the project. It offers High Street Retail, Food Court, and Business Suites and other high-end luxury offerings. 

Yash Miglani, Managing Director Migsun Group, mentioned, “This is our second commercial project in Lucknow. Our first project, Migsun Janpath has been hugely successful and emerged as the city’s landmark. Besides, our sales performance so far has also been good and the prices have appreciated almost two-fold. We hope to repeat this performance again with Migsun Central.” 

The firm confirmed that, the developmental project Migsun Lucknow Central will be funded through internal accruals as well as customer advances and will be executed in multiple phases over a timeline of 36 months. The first phase will be handed over to the buyers in 2027. 

Till date, Migsun Group has executed over 40 projects in Delhi-NCR and established themselves as a major player in the NCR’s real estate landscape.