Parsvnath eyes Rs 60 cr revenue from Indore project

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New Delhi, Sep 5 (UNI) Realty major Parsvnath Developers Ltd today said it has launched a residential project at Indore and expects revenue of Rs 60 crore from it.

The project-- Parsvnath Premier-- has a saleable area of more than four lakh sq ft and is scheduled to be completed by 2011-end, a company statement said.

The realisation from the project, which offers 300 units, is about Rs 60 crore.

The project, to be built with rich construction specifications, offers a gamut of leisure activities.

The company has also entered into an agreement with the Madhya Pradesh government for development of its 76-acre SEZ at Indore which will create direct and indirect employment opportunities for about 40,000 people, and is developing a 100-acre integrated township in Ujjain, it added.

At present, Parsvnath is developing 114 mega projects spanning across 211.32 million sq ft in 51 cities and 18 states.

UNI SBA SG MIR RAI1905

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