Parsvnath Developers receive LoI for IT Park in Gurgaon

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Mumbai, Jan 2 (UNI) Parsvnath Developers have announced that the Company has received Letter of Intent (LoI) from Director Town and country planning, Haryana to develop an IT Park project on Main Gurgaon Sohna Road, just 3 kms away from Rajiv Chowk in Gurgaon.

The approximate realization from the project is expected to be Rs 650 crore within two financial years, the release said.

IT Park is spread over an area of 6.8 acres and is located in Sec - 48 in Gurgaon. The project sprawls over a total build-up area of 8.5 Lakh sq ft and will showcase state-of-the art IT Park giving boost to IT and ITeS in the area.

The project is expected to begin within three months and will be completed within next 24 months. The Company already has one IT Park situated in Chennai.

UNI AR SR SM1506

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