Mahagun Group was founded in 1995 by Pawan Kumar Jain, a civil engineer whose career in construction spans more than fifty years. The group is headquartered in Noida and has concentrated almost its entire residential output in a single corridor: the Noida and Ghaziabad belt of the National Capital Region. That geographic focus is deliberate and consequential. Rather than spreading thinly across multiple cities, Mahagun has spent three decades building site knowledge, contractor relationships, and buyer trust in one market — and that market happens to be among the fastest-appreciating residential geographies in India right now.
The delivered portfolio stands at approximately 15.76 million sq ft across roughly 11,500 residential units, with a further 11.57 million sq ft covering around 7,500 units currently under development. The product range runs from mid-income apartments at Crossing Republic and Greater Noida West to ultra-luxury sky villas and penthouses in central Noida sectors. Across those formats, Mahagun has worked with architect Hafeez Contractor on multiple projects — among them Mahagun Marvella in Sector 78, Mahagun Villa in Ghaziabad, and Mahagun Mansion in Indirapuram — a consistent design credential that shows up in floor plate quality and facade treatment across the portfolio.
Mahagun's earliest Noida deliveries date to the mid-2000s: Mahagun Manor in Sector 50 was handed over in 2005–06, followed by Mahagun Maestro and Mahagun Morpheus in the same sector in 2007–08, and Mahagun Maple, also in Sector 50, in 2011–12. That succession of completions in a single sector — three separate projects across six years — is the kind of neighbourhood-scale commitment that is difficult for newer developers to replicate.
Later projects moved the brand progressively southward along the Noida–Greater Noida Expressway. Mahagun Mirabella landed in Sector 79 (552 units), Mahagun Moderne in Sector 78 (spread across 25 acres, eight towers), and Mahagun Mezzaria, also in Sector 78, which introduced double-height ceiling rooms, VRF air-conditioning, and a green building concept that earned IGBC Gold certification — a standard the group has carried forward into its current pipeline.
At the affordable and mid-income end, Mahagun Mywoods in Sector 16C, Greater Noida West, is one of the group's largest-scale efforts: a 35-acre development aimed at buyers who want open green space at a volume-housing price point. The breadth from Mywoods to Mezzaria within a single developer's catalogue is unusual for the NCR market and gives buyers a clear picture of what Mahagun can build at different price levels — without having to infer it from a single project type.
Mahagun Medalleo is the group's current signature project in Noida, sited in Sector 107 on approximately 10 acres of land. The project comprises eight blocks in total: six high-rise towers rising to 29 floors (G+28) and two low-rise blocks of G+4, delivering 686 residential units across 3 BHK and 4 BHK configurations. Unit sizes run from 2,500 sq ft at entry to 4,775 sq ft at the upper end, with penthouses and duplex floors extending beyond that range. Entry to the site is from 75-metre and 45-metre wide roads, both of which are significant dimensions for a residential address in this part of Noida.
The clubhouse at Medalleo is sized at 70,000 sq ft across five levels — a scale that allows differentiated programming across floors rather than combining all amenities into a single hall. Facilities within it include indoor and outdoor sports zones, a gaming and entertainment arena, a rooftop barbecue lounge, an all-weather swimming pool, and co-working spaces. The project also carries forward the IGBC Gold environmental standard from earlier Mahagun projects, using environment-friendly construction materials and solar lighting in public areas. Landscaping has been assigned to internationally recognised firm Integral Designs. The RERA registration number for Medalleo is UPRERAPRJ125561, registered with UP RERA.
Connectivity from Sector 107 covers most of the distances a Noida buyer cares about. The Sector 101 Metro Station on the Noida Metro Aqua Line is approximately 1 km from the project. The Noida–Greater Noida Expressway is within 3 km, giving direct access to the employment clusters in Sectors 132, 137, and 143 without touching surface roads. The DND Flyway connects northward to Delhi's ring road network, and the Kalindi Kunj bridge provides an alternative route for those travelling to Faridabad or South Delhi. Institutions near the site include Pathways School Noida, Lotus International School, Shiv Nadar School, and Amity University — a concentration of private school and university infrastructure that matters to the buyer profile Medalleo targets. Yatharth Super Speciality Hospital is also in the immediate vicinity. Possession is scheduled for September 2029.
Noida's residential market has run hard over the past five years. Average rates for new residential projects reached approximately ₹14,946 per sq ft in 2024, up from ₹5,910 per sq ft in 2019 — a 152% move in five years. That is not a uniform trend across all sectors: upscale areas such as Sectors 107, 128, and 150 have consistently led the premium end of that range, with rates in those sectors running from ₹5,500 per sq ft upward depending on project, floor, and configuration. The Noida–Greater Noida Expressway corridor saw prices reach ₹8,400 per sq ft in 2024, a 66% increase since 2019. Home sales in Noida reached ₹3,291 crore in Q3 2024 alone, a 62% year-on-year increase for that quarter.
The demand composition in Noida tilts toward exactly the product Mahagun builds. Three-bedroom apartments constitute roughly 64% of the Noida market by unit count, and demand from professionals employed at the corporate campuses of Barclays, Infosys, HCL, and Wipro — all of which have offices in Noida — sustains the mid-to-large format segment. Rental values have followed capital values: Noida rents rose 17.3% in Q4 2024 alone, which matters for buyers who view a long-possession project partly as a yield-producing asset once delivered.
Infrastructure in the pipeline adds further argument for the Sector 107 catchment. Noida International Airport at Jewar is the largest ongoing infrastructure investment in the NCR region, and Sector 107 sits on the Noida side of the corridor that runs toward it via the Noida–Greater Noida Expressway. Three planned metro extensions on the Aqua Line are also in various stages of approval and design, which would increase the number of Noida sectors with direct metro access and reduce commute dependence on road-only routes.
Within Mahagun's portfolio, the letter M has served as a consistent naming convention across more than a dozen projects — Maestro, Morpheus, Mirabella, Mezzaria, Mywoods, Moderne, Meadows, Marvella, and now Medalleo. This is not purely cosmetic. The M Collection functions as Mahagun's internal tiering system, allowing buyers and the secondary market to place a project within the broader quality hierarchy of the group's output. Medalleo sits at the upper end of that hierarchy, alongside Mezzaria and Meadows, aimed at buyers for whom floor size, clubhouse programming, and architectural specification are primary criteria rather than price-per-square-foot alone.
The group's commercial and hospitality arms run parallel to the residential business. Completed retail formats include Mahagun Puram and Mahagun Mascot Mart at Crossing Republic. Active commercial developments include Mahagun Marina Walk in Greater Noida and Mahagun Millennia in Ghaziabad. This mix of formats within a concentrated geography means Mahagun's residential buyers have historically lived near Mahagun-operated retail, which has implications for property management, social infrastructure quality, and long-term colony upkeep — factors that distinguish projects in the resale market years after possession.