Parsvnath bags Rs 70cr project from BEST

New Delhi, Aug 27: Real estate firm Parsvnath Developers Ltd today said it has won a project worth Rs 70 crore from BEST, to develop a plot of land for commercial and residential utilisation at Mahim Bus Station in Mumbai.

The project will give Parsvnath a developable area of 40,000 sq ft with, a statement said.

The Mahim project will be on lease to Parsvnath for a period of 60 years and would be executed within 24 months from the date of commencement of work.

The company said that this project is in addition to a project bagged from BEST, Mumbai for re-development into a modern bus terminus at Kurla along with modern passenger facilities and a commercial shopping complex.

UNI