Migsun Group has announced plans to invest approximately ₹250 crore in the development of what is envisioned as New Delhi’s first luxury serviced apartment project, marking a significant step into the growing hospitality-led residential segment.

Located in Rohini, the upcoming development is expected to redefine premium urban living by combining the comforts of luxury residential spaces with the convenience, flexibility, and services typically associated with the hospitality sector. The project reflects changing consumer preferences as modern travellers, professionals, and long-stay residents increasingly seek managed living environments that offer both comfort and convenience.

The development is planned to feature nearly 500 premium serviced apartments designed to cater to a diverse customer base including corporate professionals, business travellers, expatriates, non-resident Indians (NRIs), medical tourists, and affluent urban residents looking for fully managed lifestyle experiences in the national capital.

One of the project's key advantages lies in its strategic location. Situated in Rohini, the development is expected to provide easy connectivity to major business districts, commercial hubs, healthcare facilities, and social infrastructure across Delhi-NCR. Its proximity to Indira Gandhi International Airport, approximately 20 minutes away, is expected to further enhance its appeal among domestic and international travellers.

The announcement comes at a time when professionally managed serviced residences are witnessing increasing demand globally. Shifts in work culture, greater mobility among professionals, the rise of extended business travel, and the growing popularity of flexible long-term stays have positioned serviced apartments among the fastest-growing segments in the real estate and hospitality sectors.

Commenting on the project, Yash Miglani, Managing Director of Migsun Group, highlighted the evolving preferences of modern consumers.

“The way people live, travel, and work is evolving rapidly. There is a growing preference for premium managed residences that offer the comforts of home along with world-class hospitality and professional services. Through this development, we aim to introduce a globally benchmarked luxury serviced apartment concept in New Delhi and create a landmark destination that caters to modern lifestyle aspirations,” he said.

The project is expected to offer a comprehensive range of hospitality-inspired amenities, including wellness facilities, concierge services, business support infrastructure, lifestyle experiences, and premium resident services. These features are being designed to meet the expectations of today's discerning consumers who increasingly prioritise convenience, flexibility, and personalised experiences.

The proposed development also aligns with Migsun Group's broader growth strategy of diversifying into emerging and high-potential real estate segments. With more than 2 crore square feet delivered and under development, the company continues to expand its presence across residential, commercial, and retail real estate markets in North India.

Industry observers note that while serviced apartments have witnessed strong growth in global gateway cities, the segment remains relatively underdeveloped in the Delhi market. The Rohini project therefore has the potential to introduce a new asset category that bridges the gap between traditional residential ownership and hospitality-led living.

Further details regarding apartment configurations, design specifications, pricing, and launch timelines are expected to be announced in the coming months.

With this investment, Migsun Group aims to create a landmark development that not only strengthens its real estate portfolio but also establishes a new benchmark for luxury serviced living in the national capital.