Migsun forms JV to develop 103 acre township in Gr Noida; to invest Rs 250 cr on 1st phasePTI | New Delhi | Updated: 22-01-2021 15:50 IST | Created: 22-01-2021 15:40 IST
In the first phase, he said the company has launched 138 villas, spread over 7 acre of land and 2.5 lakh sq ft high street retail over 2 acre land.
''The total project cost of the first phase is around Rs 250 crore,'' Miglani said.
He said the company has already launched the first phase and sold all the villas and retail shops for around Rs 420 crore.
The construction work has started, and the first phase will be completed in the next three years, Miglani said.
Recently, Migsun announced the acquisition of HDFC and Ansal API 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 space.
The company is currently executing 16 projects, both residential and commercial, in various parts of Delhi NCR.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)