DMart Leases 35,000 Sq Ft at Migsun Mi Gente Mall, Ghaziabad for ₹21 Lakh Monthly Rent

According to a news report, Avenue Supermarts Ltd, the company behind India’s prominent hypermarket chain DMart, has inked a 29-year 11-month lease for 35,000 sq ft of retail space at the Migsun Mi Gente Mall located in Raj Nagar Extension, Ghaziabad. The deal is reportedly valued at ₹21 lakh per month, reinforcing DMart’s expansion strategy across high-growth urban clusters.

Migsun Mi Gente: Emerging as a Prime Retail Destination

According to statements from the Migsun Group, the lease marks a significant milestone for Migsun Mi Gente Mall, which is fast positioning itself as a go-to retail destination in the region. The property offers state-of-the-art facilities such as round-the-clock security, high-speed elevators, ample parking, and an uninterrupted power supply. Moreover, the mall boasts an international-style architectural design with a fully glass façade and will be the first AI-enabled mall in the area.

Strategic Location in a Rapidly Growing Hub

The Raj Nagar Extension area in Ghaziabad is witnessing rapid development as both a residential and commercial hub. The influx of reputed brands like DMart is expected to attract greater footfall and enhance the region’s overall appeal as a comprehensive urban centre.

Commenting on the deal, Yash Miglani, MD of Migsun Group, highlighted the partnership as a strong endorsement of the mall’s strategic positioning and the broader region’s economic potential. “We are confident this partnership will set new benchmarks for retail experiences in Ghaziabad and reinforce the mall’s position as a catalyst for economic growth,” he said.

DMart’s Ongoing Expansion in North India

This lease follows DMart’s earlier acquisition of 47,000 sq ft of space at the Migsun project in Rohini, Delhi, for ₹108 crore. These moves are part of a broader strategy by Avenue Supermarts to scale up its presence in high-density urban corridors in northern India.

As of March 21, 2025, DMart has opened a new store in Sankeshwar, Belagavi (Karnataka), bringing its total store count to 399 across India.

Financial Performance in Q3

In its recent financial report for Q3, Avenue Supermarts Ltd posted a consolidated net profit of ₹723.54 crore, marking a 4.8% increase from ₹690.41 crore in the corresponding quarter the previous year. Revenue from operations rose by 17.68%, reaching ₹15,972.55 crore compared to ₹13,572.47 crore a year ago.

Conclusion

While DMart’s long-term lease at Migsun Mi Gente Mall reflects its bullish outlook on the region’s retail potential, it also underscores the rising prominence of Ghaziabad as a commercial and residential powerhouse in Delhi-NCR. The partnership not only boosts the mall’s positioning but also aligns with DMart’s continued efforts to expand strategically across key urban nodes.

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