Rs 700 cr housing proj from Parsvnath in Delhi

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Parsvnath Developers
New Delhi, Jun 1: Parsvnath Developers, leading realty firm in India is planning to invest Rs 700 crore to develop a premium luxury housing project at Civil Lines in the National Capital and expects a realisation of about Rs 1,300 crore in three fiscals.

Company sources said that its subsidiary Parsvnath Landmark Developers has received all the necessary approvals to begin the project work comprising 453 units with a with a built-up area of 20 lakh sq ft. "The company is expected to have a realisation of about Rs 1,300 crore in three financial years from the said project," Parsvnath Developers said in a statement.

Sources added that the company had already sold 60 pc of the flats in the Parsvnath La-Tropicana project. Company chairman Pradeep Jain said the project will be one of the most awaited luxurious one from Parsvnath in the heart of Delhi.

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