Migsun Grp inks JV with another realty firm for township proj, to invest Rs 250 cr

New Delhi: Realty player Migsun Grp has inked a JV with another real estate firm for the development of a township in Greater Noida. Migsun will invest Rs 250 crore for the first phase development of the project, it said in a statement.

"We have inked a joint development agreement with Royal Golf Link City Projects Pvt Ltd for the development of this 103 acre township," Migsun Grp MD Yash Miglani said.

The first phase of the township will development of 138 villas spread over seven acres of land. There will also be 2.5 lakh square feet retail spaces which will be spread over 2 acres of land.

Migsun has already sold all the villas and shops in the frost phase of the project for Rs 420 crore. The construction has begun and the first phase would be completed in the coming 3 years.

Migsun is presently constructing 16 residential and commercial projects in Delhi-NCR.