Real Estate

Real Estate Transactions

Migsun Group to invest Rs.700-Cr to develop SEZ in Greater Noida

Economic Times  

Realty developer Migsun Group will invest about INR 700 crore in developing 4 million square feet of warehousing, a data centre and IT space at a special economic zone in Greater Noida. The group that had acquired real estate developer Ansal's stake in Ansal IT City Park (SEZ) Tech Zone also later bought HDFC's 37% stake for about INR 50 crore, taking full control of the SEZ. The company plans to develop the 37.5-acre mixed-use project with built-to-suit commercial, IT, and industrial units. There will be 10 lakh (1 million) sq ft of warehousing, 16 lakh sq ft of data centre and about 18 lakh sq ft of IT office space spread across six towers.