The Migsun Group will invest Rs 426 crore to build a mixed-use property project in Lucknow

Migsun Group said in a statement that it will spend Rs 426 crore to develop a mixed-use real estate project in Lucknow.  

It is anticipated that the project will include studio apartments and retail spaces. RERA has approved the project as well. 

Mendanta sold the land to the Migsun Group, the statement stated. 

“The company plans to invest Rs 426 crore in constructing a mixed-use project with studio apartments and retail space. RERA approval has also been granted to the project, the company said in a statement. 

Shaheed Path in Lucknow is where you can find  Migsun Lucknow Central. It occupies a space of about 20,239 square meters on land. 

The cost of the land is included in Rs 426 crore, according to the business. 

With a price tag of approximately Rs 49 lakh, each unit caters to both investors and end users. It offers high-street retail, food court, and business suites. According to the statement, the first phase has seen the launch of about 500 units. 

The company will fund the project using client advances and internal accruals. The project would be carried out in stages over 36 months. 

The buyers will receive the first phase in 2027. 

We are excited to introduce Migsun Central. We are working on our second business project in Lucknow. Yash Miglani, Managing Director of Migsun Group, states, “Our first project, Migsun Janpath, has been hugely successful and emerged as the city’s landmark. 

The business has finished 40 projects to date.