Tag: Migsun Group

Business, News

Migsun achieves CC 450 days before RERA timeline for Migsun Wynne, Phase II CC expected by Diwali

Jul 30, 2021 by Rekha Nair 0 Comments #MD, #Migsun Group, #Yash Miglani

Greater Noida: Migsun Group, one of the leading real estate developers in Delhi/NCR, announced that it had received the Completion Certificate for 672 units in Phase I of Migsun Wynne before the RERA stipulated time. The project, which is adjacent to the Greater Noida Expressway and has 1764 units, is located in Eta II, Greater Noida. The Group informed that the total investment in the project was Rs 750 crore accrued and non-accrued.

Migsun Wynne has 2/3/4 BHK apartments and is listed under the scheme Pradhan Mantri Awas Yojana, which makes these residences all the more affordable. The project is beautifully crafted and skilfully designed to match buyers’ lifestyle needs and comes with ample natural light & ventilation. The project offers world-class facilities with an ultra-modern clubhouse to support an active lifestyle.

“We’re working hard to finish it within the time frame we’ve set. We’ve been able to establish buyers’ trust by sticking to delivery deadlines. We’ve noticed the difficulties buyers face as a result of project delays, and to solve this, we are taking on delayed projects worth Rs 5,000 crore this calendar year to uplift the market and help buyers regain trust in the sector,” says Yash Miglani, MD, Migsun Group.

The Group is expecting CC for Phase II by Diwali this year and for Phase III by next year. A theme-based project reflecting the classical beauty of American Architecture, the project is spread over 8.5 acres with ample open space and greenery within the project. The project has its own high street retail complex so that the residents do not need to step out of the project for their daily needs.

Business, News

Sales share of Noida and Greater Noida in NCR was 49% in H1 2021: Report

Jul 20, 2021 by Rekha Nair 0 Comments #CEO, #Harvinder Singh Sikka, #MD, #Migsun Group, #Sikka Group, #Sunworld Group, #Vijay Verma, #Yash Miglani

According to Knight Frank’s latest report in residential real estate, “Since the pandemic, homebuyer preference for bigger homes in peripheral markets has worked in favour of Noida and enquiries for gated communities have been on the rise. Fence-sitters, who were earlier reluctant to live far away from the city, are showing interest in purchasing homes in far-flung sectors closer to the Yamuna Expressway, such as Sector 142, Sector 143 and Sector 150. Demand for residential homes remained strong for Sector 43, Sector 50 and Sector 75 too.”

On the other hand, the average property prices did not show any rise; however, the report says that “some sectors in Greater Noida have seen a marginal softening of prices in the range of 1-2% YoY”. In the review era, new launches changed, but the sector still has a long way to go to regain its pre-COVID-19 momentum. Noida’s percentage of the total launches in the NCR fell to 28 per cent in H1 2021. There has been a scarcity of new projects in this sector, with few places on developers’ radar as potential development corridors. Homebuyers continue to be drawn to areas like Noida Extension and the Noida-Greater Noida Expressway, skewing the supply of new residential inventory in these areas.

Greater Noida’s share in the overall sales remained steady at 34% in H1 2021. Greater Noida has witnessed traction in the past few months for ready-to-move-in homes. With a gradual return to normalcy, optimism is returning in this market for ready to move in inventory with a price tag of more than INR 5 million, says the report. “Because nothing is more important than one’s well-being, and people are more aware of this than ever before, there is a tendency toward migrating to larger spaces. The figures show that the emergence is taking place. Noida’s well-developed road network allows for speedier commuting, resulting in increasing interest in the real estate market,” says Vijay Verma, CEO, Sunworld Group.

Looking at the residential sales landscape of NCR, the percentage share of micro-market absorption has largely remained unwavering as compared to H1 2020 with Noida and Greater Noida combine ruling the sales graph; the sales share of Noida and Greater Noida was 49% in H1 2021 compared to 53% in H1 2020. Yash Miglani, MD, Migsun Group says, “The region is popular among end-users, particularly among the working class, and sales have been fantastic. Greater Noida West has experienced a lot of people and sales activity since the 2020 lockdown. Infrastructural upgrades, such as extended subway, road connectivity, and announcements like Jewar Airport, are also supporting the development.”

According to the report, the downward trend of unsold inventory witnessed since 2016, continued in H1 2021. With a 12% YoY decline in the latest period in Noida and 16% decline in Greater Noida, the two regions have emerged as buyers’ choice in NCR. “The success of Noida can be attributed to its image among the middle class; during the pandemic, the working class learned the importance of a real estate asset and began hunting for one in this city. In the following months, we expect a big response in the residential market, as the momentum is unlikely to subside due to the continued availability of low home loan rates,” says Harvinder Singh Sikka, MD, Sikka Group.

Business, News

Realty market remain stable in Noida

Jun 28, 2021 by Rekha Nair 0 Comments #Ajnara India Ltd., #Ashok Gupta, #CEO, #CMD, #Dhiraj Jain, #Director, #Mahagun Group., #MD, #Migsun Group, #Sunworld Group, #Vijay Verma, #Yash Miglani

The market in Noida has been doing extremely well since Unlock 1.0, and it picked up pace in January-March 2021. However, the second wave brought a halt in activities for a shorter duration but the sales figures are encouraging as there is an increase in sales compared to the same period last year.

“The good thing is that the second wave has further cemented the people’s resolution to look for real estate assets. People are now seeking long-term financial security in real estate, which bodes well for the sales season. We expect that the real estate sector will pick up in two or three weeks from where it left after the first wave effects,” says Yash Miglani, MD, Migsun Group.

According to real estate experts, Greater Noida West, Sector 150, and Sector 43 in Noida, both near the commercial hub of Sector 137, remained popular for 2 BHK and 3 BHK flats. One of the key drivers in Greater Noida West was the availability of home units priced between Rs 35 and Rs 50 lakh. In Noida’s Sector 150 and 43, direct connection to the projected Jewar Airport and projects by well-known builders are seen as demand stimulators.

“Noida’s well-developed road network allows for speedier commuting, resulting in increased interest in the real estate market. Many homes will appreciate by 10% to 15% depending on their location and demand in that area. Once the Jewar airport is operational, the Yamuna Expressway will be a more popular destination than Noida,” says Ashok Gupta, CMD, Ajnara India Ltd.

The residential market in Noida and Greater Noida is continuing to grow. According to the realtors, Residential sales grew QoQ as a result of low home loan interest rates, new housing supply, and people’s persistent desire to purchase a home. Dhiraj Jain, Director, Mahagun Group, says, “Because nothing is more important than one’s well-being, and people are more aware of this than ever before, there is a tendency toward migrating to larger spaces. Noida’s prosperity is due to the image it has developed among the middle class. In the following months, we expect a tremendous response in the residential market since the momentum is unlikely to wane.”

The upcoming infrastructural developments are expected to stimulate the real estate market even further. Multi-level parking lots in Sector 3 and Sector 16A Filmcity, Shaheed Bhagat Singh Park, Biodiversity Park, a shooting range, and an indoor stadium in Sector 21A are among the infrastructure projects set to be completed this year. Then work on underpasses is underway on the combat front in various Noida sectors to improve traffic flow. The projects aim to improve inhabitants’ living conditions, which will directly influence the real estate market.

Buyers are increasingly lured to plots along the Noida-Greater Noida Expressway and the Yamuna Expressway, with the latter gaining traction due to the planned Film City and Furniture Park. The price of residential plots along the Yamuna Expressway has jumped by 10-15%. Vijay Verma, CEO, Sunworld Group says, “The regions are popular among end-users, particularly among the working class, and sales have been fantastic. Infrastructural upgrades, such as metro, road connectivity, and announcements like Jewar Airport, are also supporting the development.”

Business World, News

MigSun Group – Taking Indian Infrastructure to New Global heights

Jun 1, 2021 by Rekha Nair 0 Comments #chairman and CMD, #Migsun Group, #Sunil Miglani

Migsun Group found its humble establishment around 3 decades ago as a brainchild of Sunil Miglani, the current chairman and CMD of the company. Since the time of its advent the organization was involved into the creation of small raw houses & builder floors in Delhi/NCR and went on to launch their first group housing project in Ghaziabad. It was from this phase onwards that the company had expanded its verticals and ventured into providing exceptional living and shopping spaces featuring the Indian infrastructure industry in the global scenario. Today Migsun Group holds a reputation of being a coveted public listed real estate company of India with a successful range of infrastructure and real estate development projects to its credit.

Foundation and Expansion

It was in the year in 1990 that the foundation stone of the organization was laid by Mr. Harbans Lal Miglani, a renowned hockey player and father of Sunil Miglani.

The company has held its strong grounds with a clear vision of ‘Housing for all’ right from the time of its inception.

The development projects under their brand name consist of a wide variety that could cater to individuals of every income group. They have always believed in walking the path of innovation and empowerment through optimism to build a self reliant India. Backed by the young brain & fresh approach of Yash Miglani, the Managing Director, the company has found its base as a trusted infrastructure development brand with innumerable positive reviews and recommendations.

They have created a vast portfolio in a wide range of areas including residential, commercial, retail & villas; the group’s mission being creating innovative development projects which showcase a global outlook. The group has been working with uncompromising integrity in customer engagement, quality assurance and timely delivery throughout their tenure. And, their sole mission focuses on catering real estate solutions that distinctly speak for quality.

The Current Scenario

Currently the company holds about 40 projects with about 2 crore sq. ft. of developed & under construction area panning North India. They continue to build sustainable homes with modern finishing that will stand the test of time. It is this undying effort of the team that has earned a sense of trust and admiration amongst all its buyers across multiple residential & commercial projects across Noida, Greater Noida, Raj Nagar Extension and around.

The company has also created its niche across different verticals including Education, Skill India, Film Production and Hospitality. This diversified presence across several verticals reflects Migsun’s dedication to develop an infrastructure to cater to India’s changing needs.

The company finds a meaningful direction under the leadership of its young Managing Director Mr. Yash Miglani. Its core principles consist of three Ts including Teamwork, Transparency and Timely Delivery which have set it apart from its fellow competitors and industry giants.

Future Endeavours and Vision

With an aim of bringing relief to buyers of stuck properties, Migsun Group plans to take up stalled projects of North India soon. In fact, the Group has also announced its plan to acquire and reconstruct five to seven stalled projects in Greater Noida with an investment plan of Rs 4,500 Crores for the same. The Group has also announced their latest acquisition of stakes from HDFC and Ansal Properties & Infrastructure Ltd’s in Ansal IT City Park (SEZ) Tech Zone, Greater Noida and hinted at several other projects in the pipeline.

Business World, News

Migsun beats lockdown, achieves sales amounting to Rs 80 crore in 21 days

May 19, 2021 by Rekha Nair 0 Comments #MD, #Migsun Group, #Yash Miglani

Migsun Group, one of the leading real estate developers of NCR, has announced that it has sold over 150 units amounting to approximately Rs 80 crore in the period from April 22 till date; the commercial and residential units were from the projects located in Greater Noida and Raj Nagar Extension (Ghaziabad). The Group also informed that out of the total sale, 97 units were from 2 BHK, 38 units from 3 BHK, and 26 units from commercial.

“It’s encouraging that we were able to gain the confidence of customers who backed up our promises by doing business with us even during these difficult times. Since last year’s lockdown, we were involved on online channels, which provided us with the requisite exposure and sent the right message to our potential customers,” said Yash Miglani, MD, Migsun Group, on the Group’s performance even during the lockdown.

The Group came up with an innovative scheme at the right time after assessing the need of the buyers lying low because of the lockdown. It came up with ‘Pay 1 lac now rest after the lockwdown’, which applies to all projects of Migsun Group.

The Group has been working according to the market demands for quite some time. Last year during the same period, the Group came up with innovative campaigns that helped the Group get booking of over 250 units amounting to a sale of approximately Rs 100 crore in the period last year after the lockdown was announced till May 14, 2020.

“Our schemes were unique, and we were among the first to deliver such lucrative deals that were not only secure but also enabled buyers to book from the comfort of their own homes. People who would otherwise have missed out on owning a home have taken advantage of this chance. We anticipate an increase in revenue in the coming weeks,” he added.

Business World

Migsun Group to offer employment to people who lost jobs during lockdown

Dec 27, 2020 by Neel Achary 0 Comments #commercial projects, #Migsun Group

New Delhi: Migsun Group, a leading real estate firm in Delhi-NCR, has announced that it will offer jobs to people who lost employment during the lockdown or in the aftermath of corona pandemic. The Group is taking huge strides to deliver the projects as it has set an ambitious target to complete construction of six ongoing housing and commercial projects comprising 4,000 units over the next one year, which will translate into nine units every 24 hours.

“We are working simultaneously on several projects which require skilled labour and qualified professionals. We would like to contribute our best to solve the unemployment being faced by people due to coronavirus pandemic. A lot of experienced people have lost jobs, and they can be of great value to our Group. Plus this is a situation where one should come up and help with whatever one can,” says Yash Miglani, MD, Migsun Group.

Recently, the Group announced that it clocked sales of Rs 200 crore between October 1, 2020, and November 12, 2020. The Group has been doing well even during the lockdown when it achieved the remarkable feat of selling 500 units worth Rs 252 crore during the lockdown period between March 25 and June 3, 2020. The response has been good especially after the announcement of unique festival offer ‘Possession Proof Homes’ where they are giving assured 1 per cent penalty per month in case of delayed possession.

“We are getting a good response so far after being hit by the pandemic. After the Unlock, the festival season gave buyers a time to go out in the market and hunt for the property; this hunting converted into sales. I would say that there is almost a 20 per cent increase in sales so far and the coming months will be better. The sales were driven due to slew of measures taken by the government, decrease in EMIs, and an understanding of real estate as a must-have asset,” adds Miglani.

The Group is targeting to hand over 2,500 units of 2BHK apartments, 1,200 units of 3BHK apartments and around 300 units of commercial properties in the next one year. ‘Migsun Ultimo’, ‘Migsun Roof’, ‘Migsun Wynn’, ‘Migsun Chambers’, ‘Migsun One Central’ and ‘Migsun Transhindon’ are the six projects, all in Delhi-NCR, that have been earmarked for full completion and deliveries over the next 12 months.

Business World

This festival realtors welcomes buyers with offers

Oct 28, 2020 by Gouri Achary 0 Comments #Bhutani Group, #Gaurs Group, #Migsun Group, #Pacific Group, #Signature Global, #Sikka Group, #Urbainia Group

The ongoing festival season is witnessing a renewed interest by the property seekers, and this has made developers come out with welcome offers. The sales expectation is high in this season, especially in the post-COVID scenario when people have started realizing the importance of owning a real estate asset. The Navratra period went off very well for the real estate as the enquiries and sales witnessed a healthy growth. The experts are of the view that by the end of the festival season, the sector would be at par with the sales in pre-COVID times.

At Gaur World SmartStreet’s ‘Mauke pe Chauka’ makes owning a commercial property an easy affair by offering an easy payment plan with 10 per cent down payment within 30 days, 40 per cent with one year, and the rest 50 per cent at the time of delivery. Gaurs Group is also running a campaign “FESTIVAL OFFER 2020” which includes 9 gifts for Gaur Siddhartham and Gaur City (14TH Avenue & 7th Avenue).

Raheja Developers, one of the major real estate developers of North India, has come out with ‘Chance to win luxury Car & Gold Coin’ offer under which it is giving a chance to the buyer to get Hyundai i10 on the property of up to Rs 2 crore, Hyundai Venue between Rs 2.01 to Rs 4 crore, Hyundai Creta between Rs 4.01 to Rs 6 crore, Hyundai Tucson on Rs 60.1 crore onwards as well as a 5 gm gold coin till Rs 3 crore and a 10 gm gold coin above Rs 3 crore on the booking at The Delhi Mall. At The Leela Sky Villas buyers can get a luxury car or complementary hard fitting as well as Leela Gift Voucher worth Rs 50K.

Housing.com is running ‘Mega Home Utsav’ till November 14, 2020, on projects from 10 major cities of India — Ahmedabad, Bengaluru, Chennai, Delhi, Gurgaon, Hyderabad, Kolkata, Mumbai, Noida (Gr. Noida) and Pune. Hero Realty Pvt. Ltd is offering gold coin/ gold Voucher for Hero Homes Ludhiana, Sidhwan Canal Road, and home décor voucher worth Rs 2.5 lacs for Hero Homes Mohali, Sector 88.

Ajnara India Ltd is offering a 10:90 payment plan for those booking a unit at Ajnara Daffodils. In the case of Ajnara Ambrosia, the payment plan being offered by the company is 30:40:30, and in the case of Ajnara Fragrance, the payment plan is 20:20:20:20:20.

Signature Global has ‘Special Navratri offer and Assured gift’ for Signum Plaza 4, Sector 36, Gurugram, South of Gurugram, Signum-107, Signum-81, Signum-71, Signum-103, Signum- 37D, Signum -93, Signum-36, and Signum-95A. Every site visitor can spin the wheel and get the chance to win Mobile Phone, HP Laptop, Firefox Bicycle and Silver Coin. The company is offering assured 1 KG Silver on every booking at Signum Retail Hubs of Signature Global till November 14.

Migsun Group has come up with unique ‘Possession Proof Homes’ offer where they are giving assured 1 per cent penalty per month in case of delayed possession. Under this offer, the buyers need to pay 10 per cent now and rest 90 per cent on the offer of possession. The offer is for Migsun Roof (Raj Nagar Extension, Ghaziabad) where possession will be soon and Migsun Vilaasa (Greater Noida) where possession is scheduled for December 2023.

Sikka Group has an offer for its low-density project Sikka Karnam Greens, Sector 143 B, Noida. The group is offering 40-60 Payment plan – 40 per cent payment before the possession and 60 per cent at the time of possession. The group has also announced that price is all-inclusive and all other charges will be waived off.

Mahagun Group has come with exciting offers as this is company’s silver jubilee also, under the offer buyers will get a multitude of discounts in the form of 25-gram gold, pay 25 per cent now and the rest later, waiver of 25 months’ maintenance, 25 per cent of on stamp duty, and compensation of 25 per cent in case of delay in the project.

The offer is valid in projects – Manorial (Secor 128, Noida), Mahagun Mezzaria (Sector 78, Noida), Mahagun Meadows (Sector 150, Noida), Mahagun Mirabella (Sector 79, Noida), Mahagun Mywoods (Greater Noida West), Mahagun Mantra (Greater Noida West), Mahagun Montage (Crossing Republik, Ghaziabad), Mahagun Marina Wwalk (Greater Noida West).

Bhutani Group has come with a unique offer where the buyers can get the annual return in advance after making the down payment. The mega offer will work on their 50:25:25 plan and will be available on all their commercial projects in Noida — Grandthum (Sector 1, Greater Noida West), Cyberthum (Sector 140A, Noida) and Alphathum (Sector 90, Noida). The down payment is 50 per cent of the total amount, and the customer has to pay the next 25 per cent after three years.

The buyer can deduct the annual return of three years from the down payment amount or else the group will give them a cheque of three years’ annual return after the realisation of their down payment cheque. The group is expecting revenue of Rs 1000 crore during the festival season. Pacific Group, North India’s leading realtor, has come out with special Navratri offer where it is giving Rs 100 off on every per sqft at Pacific Golf Estate, Dehradun – 1, 2, 3 BHK & Penthouses.

Saya Homes at Greater Noida West project, Saya South X, is offering assured gift vouchers of Rs 10 lakh to anyone booking a shop here. The project has retail shops, food court, eatery and restaurants. The investment here starts at Rs 51.5 lakh. The project is located at the cross-section of 130 metres and 60-metre road and has 3-side open high street at Ek Murti round-about. Spread over 3 acres, the catchment area is 5 lakh families in proximity. Looking at the demand post-pandemic, we are sure that buyers will go for quality commercial projects that promise bright prospects.

Pacific Group has come up with ‘Flat Discount’ for Pacific Golf Estate, Dehradun, where the group is giving Special Navratri offer to avail Rs 100 off on every per sqft at Pacific Golf Estate, Dehradun – 1, 2, 3 BHK & Penthouses. MRG World has ‘Khareedo Dukaan, Jeeto Makaan’ offer for Gurugram’s Sector 89, 90, 93 where shops start at Rs 20 lakh.

In Urbainia Group’s ‘Special Offers & Assured Gift’ for Urbainia Trinity NX, Techzone IV, Greater Noida (West), buyers can get Amazon Gift Vouchers on every booking, investment here starts at Rs 2.80 lacs with lease guarantee available till October 30, 2020. Chandigarh-based GBP Group is incentivizing its channel partners by offering them lucrative gifts depending upon the number of units sold at its ongoing project GBP Central Town in Zirakpur.

For the sale of single unit they are offering shopping voucher worth Rs 30K, on the sale of two units shopping voucher worth Rs 30 K and Washing machine, for the sale of three units shopping voucher worth Rs 30 K, 1 gold coin & microwave, for four units shopping voucher worth Rs 30 K, 1 gold coin, Samsung LED 53” and marshal speakers, whereas on the sale of 5 units the channel partners will get shopping voucher worth Rs 30 K, 1 gold coin, Samsung LED 53”, Harman Kardon speakers and OnePlus 8 phone.

Business World

Laborers are back in full force, developers pace up construction work

Oct 15, 2020 by Gouri Achary 0 Comments #Migsun Group, #Mr. Ashish Bhutani, #Mr. Nayan Raheja, #Mr. Yash Miglani

With migrant laborers back in metros, realty developers are gearing up to make up for the lost time. For this purpose, some of the developers like Raheja, Bhutani and Migsun are undertaking construction work in rotational manner including night shift hours.Developers restorting to these alternate methods have made arrangements for proper lightning and power backup to ensure continuity of the work.

Construction activities during night hours comes with several challenges and additional costs like providing continued power supply and security to be independently managed by developers. Elaborating more on the situations leading to migrant labourers coming back to construction sites, Mr. Nayan Raheja of Raheja Developers, a reputed real estate group in Delhi NCR said, “ The shortfall in workers’ numbers observed at our construction sites was 30-40% during the months of lockdown, but now our entire labour force is back at sites.”

Mr. Nayan further added, “This has been possible primarily because we ensured cleaner and hygienic surroundings for laborers who stayed back at our multiple project sites with proper meals and lodging facility during lockdown months. The laborers engaged at our sites are fully taken care of when it comes to their safety and security. COVID guidelines are being sternly followed and uninterrupted power supply is being ensured amid the night hours.”

Raheja Developers is presently developing six residential, two commercials, and two townships including some marque projects like the Tallest Residential Block in Gurgaon ‘Revanta’ with expected possession towards end of next year and also the Tallest Residential Tower at a prime location in Delhi ‘The Leela Sky Villas’ serviced by the Leela Group.

It is pertinent to mention here that due to the lockdown imposed from March 25th, all construction activities came to a standstill for almost two months. While the government & real estate regulatory bodies granted the realtors an extension of 6-9 months in lieu of the delay caused by lockdown; the developers known for timely deliveries and quality construction are trying to live up to their reputation established over the years.

Bhutani Group, one of the leading real estate developers developing two ambitious commercial projects –Grandthum and Cyberthum in Noida is also following a similar working pattern. Mr. Ashish Bhutani, MD, Bhutani Group went on to explain,“Our strategy is to enter into an arrangement which is mutually benefitting. The laborers working in night shifts are being remunerated accordingly, which is a great opportunity for them to earn more as market begins to tread towards normalcy.”

Mr. Yash Miglani, MD,Migsun Group highlighted the role of developers in current situation saying, “Laborers returning from the states of UP, Bihar & Madhya Pradesh hope to achieve income stability. Despite the rise in number of cases, their decision to return back is solely driven by readily available work opportunities. Our purpose as a job provider is to ensure their safety at all cost and chart out strategies for optimum utilization of their skills; proper management in night-shift model is an effort in that direction.”