Mahagun Group to invest Rs 1,800 crore to build luxury housing project in Noida
The company has started bookings for its project 'Mahagun Medalleo' at Sector 107, spread over 40,000 square metres.
)
08:41 AM IST
Realty firm Mahagun Group on Saturday said it will invest Rs 1,800 crore over the next five years to develop a luxury housing project in Noida, Uttar Pradesh.
The company has started bookings for its project 'Mahagun Medalleo' at Sector 107, spread over 40,000 square metres.
The total project cost is about Rs 1,800 crore, Mahagun said in a statement.
The project has been financed by corporate trustee Vistra TCL (India) Ltd. It will be developed in phases and fully delivered by 2027. The project comprises 686 residential units.
Also Read: Amazon to shut food delivery business in India
Amit Jain, Director, Mahagun Group, said the new project has received a good response from customers.
Mahagun Group is one of the leading real estate firms in the Delhi-NCR market. It has developed many projects in Noida and Greater Noida in the last 27 years.
According to housing brokerage firm PropTiger's data, Delhi-NCR saw 22 per cent increase in housing sales during July-September quarter at 5,430 units compared to 4,460 units in the year-ago period.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
)
)
)
)
)
ZEE Entertainment takes a bold leap into the future as a content & technology powerhouse
Persistent Systems posts 25% jump in profit at Rs 396 crore in Q4
Upcoming Q4 Results: 30+ companies set to report earnings this week; check out list
Withdraw mandatory quality norms on steel fasteners: GTRO to government 
