Mahagun Group to Invest ₹1,800 Cr to Build Luxury Housing Project in Noida

The ₹1,800 Cr Announcement

New Delhi: Realty firm Mahagun Group on Saturday said it will invest ₹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 ₹1,800 crore, Mahagun said in a statement.

Mahagun Medalleo — Project Details

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.

Amit Jain, Director, Mahagun Group, said the new project has received a good response from customers.

About Mahagun Group

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, building a track record across residential and mixed-use segments.

Delhi-NCR Market Context

According to housing brokerage firm PropTiger's data, Delhi-NCR saw a 22 per cent increase in housing sales during the July–September quarter at 5,430 units, compared with 4,460 units in the year-ago period — underlining the strong demand backdrop against which Mahagun launched Medalleo.

What This Means for Noida Buyers

Mahagun's ₹1,800 crore commitment to Sector 107 reinforces the sector's positioning as an established premium residential corridor in Noida. For buyers and investors, continued large-scale developer activity here — alongside strong NCR sales growth — supports the long-term value case for the micro-market.

If you're evaluating luxury homes in Noida, explore our roundup of the top ultra-luxury residential projects in Noida — including County 107 in the same sector — or speak with our advisory team for a personalised shortlist.