Realty firm Migsun Group has successfully sold 47,000 square feet of retail space in its commercial project in Delhi's sector 22, Rohini, to Dmart for a significant Rs 108 crore. The strategic acquisition involves lower ground and first floors, now designated for a hypermarket store by Dmart. Migsun Group, known for its extensive real estate portfolio, sees this as an exceptional investment opportunity, given the prime location's proximity to Rohini West metro station and a substantial catchment area of high-spending families. Dmart's move aligns with its retail expansion strategy in the thriving Delhi commercial landscape.
Migsun Group, a prominent player in the real estate sector, has recently concluded a lucrative deal by selling a 47,000 square feet retail space in its commercial project situated in the national capital, Delhi, to Dmart at an impressive sum of Rs 108 crore. This strategic transaction involves the lower ground and first floors of the project in sector 22, Rohini, earmarked for the establishment of a hypermarket store by Dmart. The acquisition aligns with Dmart's expansion plans in the retail sector, showcasing the growing footprint of the leading hypermarket retail chain.
The transaction builds on Migsun Group's commitment to expanding its real estate portfolio, as evidenced by its acquisition of 9-acre land parcels for Rs 265 crore last year. The acquired land is designated for the development of a high-street retail project, encompassing a substantial area of 1 million square feet. The move reflects Migsun Group's proactive approach to capitalizing on the commercial potential within the dynamic real estate landscape.
Yash Miglani, the Managing Director of Migsun Group, expressed enthusiasm about the deal, highlighting the exceptional investment opportunity that the project presents for businesses. The prime location of the project in sector 22, Rohini, with close proximity to the Rohini West metro station and a significant catchment area comprising high-spending families, enhances the project's appeal for prospective businesses seeking to establish a strategic presence in a vibrant and commercially promising setting.
Dmart's acquisition of the lower ground and first floors for a hypermarket store aligns with the company's established reputation as a leading hypermarket retail chain. This strategic move not only enhances Dmart's retail presence but also contributes to the commercial vibrancy of the Rohini area, catering to the diverse needs of local consumers.
In the context of Migsun Group's broader real estate endeavors, the completion of more than 40 projects across Delhi-NCR underscores the firm's extensive experience and expertise in the sector. This track record positions Migsun Group as a reliable player, capable of delivering successful and impactful projects.
The real estate landscape in Delhi-NCR continues to evolve, and Migsun Group remains actively engaged in the development of numerous projects, signaling the company's commitment to contributing to the region's growth and development.
In conclusion, Migsun Group's recent sale of retail space to Dmart in Delhi's sector 22, Rohini, not only reflects the dynamism and growth potential within Delhi's commercial landscape but also positions this venture as a noteworthy investment opportunity for businesses seeking a strategic presence in the bustling Rohini area. With Migsun Group's track record, Dmart's retail expertise, and the prime location's appeal, this collaboration sets the stage for a successful and mutually beneficial commercial venture in the heart of the national capital.
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