RBI Monetary Policy - Feb 2021 - Even after RBI s status quo, developers optimistic about realty growth
Posted On: 2021-02-05 22:34:41 (Time Zone: Arizona, USA)
As the MPC voted unanimously to keep rates steady, the RBI retained the status quo and Repo rates unchanged at 4 per cent. The Apex bank, however, has shown optimistic stance for economic growth as it expects GDP to grow at 10.5 per cent. The real estate sector expected some announcements, but it has to rely only on announcements made in the last few months. Real estate experts say the market is strong, and the RBI s new status quo will not have any adverse effect on it.
›Migsun forms JV to develop 103 acre township in Gr Noida; to invest Rs 250 cr on 1st phase
Migsun forms JV to develop 103 acre township in Gr Noida; to invest Rs 250 cr on 1st phase
SECTIONS
Migsun forms JV to develop 103 acre township in Gr Noida; to invest Rs 250 cr on 1st phasePTI
Last Updated: Jan 22, 2021, 04:52 PM IST
Share
Synopsis We have entered into a joint development agreement (JDA) with Royal Golf Link City Projects Pvt Ltd to develop this 103 acre township, Migsun group Managing Director Yash Miglani said.
Getty Images
In the first phase, he said the company has launched 138 villas, spread over 7 acre of land and 2.5 lakh sq ft high street retail over 2 acre land.
Yash Miglani, MD, Migsun Group
Migsun creates record, clocks Rs. 421 Cr. sale in 72 hrs in a part of 103 acres development ANI | Updated: Jan 19, 2021 14:33 IST
Noida (Uttar Pradesh) [India], January 19 (ANI/NewsVoir): Migsun Group, one of the names in Delhi NCR real estate to reckon with, has announced that it has sold a total of 138 villas and retail shops in the project that it recently acquired from Royal Golf Link City Projects Pvt. Ltd. in Greater Noida.
The Group made record sales of Rs 421 crore within 72 hours as people lined up to acquire villas and retail shops at the recently launched projects.
Migsun Group acquires Ansal IT City Park in Greater Noida
In a regulatory filing, real estate firm Ansal Properties & Infrastructure Ltd has said that it has agreed to sell its entire 66.24 percent stake in IT SEZ in Greater Noida to Migsun Group.
Workers erect scaffolding at the construction site of a metro station in Greater Noida on the outskirts of New Delhi, India, September 30, 2015. India s annual infrastructure output growth picked up in August to 2.6 percent from a year ago, mainly driven by higher cement and electricity generation, government data showed on Wednesday. REUTERS/Anindito Mukherjee - RTS2EK8
The Delhi-NCR-based Migsun Group has announced the acquisition of HDFC and Ansal Properties & Infrastructure Ltd s stake in Ansal IT City Park (SEZ) Tech Zone, Greater Noida and plans to develop the 37.5 acre mixed-use project.
Migsun
Migsun Acquires Stakes of HDFC and Ansal API in 37.5 Acre Ansal IT City Park, Greater Noida ANI | Updated: Dec 31, 2020 13:33 IST
New Delhi [India], December 31 (ANI/NewsVoir): Migsun Group, one of the names in Delhi NCR real estate to reckon with, has announced acquisition of HDFC and Ansal s stake in Ansal IT City Park (SEZ) Tech Zone, Greater Noida. The group now plans to develop the 37.5 acre mixed-use project with Commercial, IT, and Industrial. With the latest announcement, Migsun Group will have 100 percent stake after acquiring HDFC s 37% stake and the rest of Ansal API.
Strategically located the project with roads on three sides of the project. Giving details about the newly acquired project, Yash Miglani, MD, Migsun Group, said, The project will have 50% IT/ITeS offices, 15% industrial, and 15% commercial. We are committed to make Noida a commercial hub; the new project is in line with our endeavour to provide world-class r