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| Parsvnath gets approval for Parsvnath La Tropicana | | Premium luxury project in the heart of Delhi worth Rs 1300 Crore |
| Announcement / Corporate Jun 01, 2009, 20:31 IST |
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Parsvnath Landmark Developers Pvt. Ltd. a 100% subsidiary of Parsvnath Developers Limited (PDL), one of the leading real estate and infrastructure providers is in receipt of all requisite approvals including sanction of the building plans by the Municipal Corporation of Delhi to enable the company to commence construction of one of its premium luxury projects – Parsvnath La-Tropicana in the heart of Delhi. The company is expected to have a realization of approx Rs. 1300 Crore in 3 financial years from the said project.
The approvals comprise of clearances from Delhi Urban Arts Commission, The Delhi Fire Service, The Airport Authority of India, Environmental Clearance from Ministry of Environment and Forests, NOC from L&Do and the sanctions pertaining to layout and building plans by Municipal Corporation of Delhi.
Commenting on the approvals received, Mr. Pradeep Jain, Chairman, Parsvnath Group said, “The project will be one of the most awaited luxurious projects from Parsvnath in the heart of Delhi. The project named, Parsvnath La Tropicana is to be constructed in Civil Lines area in Delhi. The excavation work at the site has already been completed and now we shall be deploying equipment and manpower to take up construction in full swing and complete the project within the time frame.”
“We are extremely happy to have received an overwhelming response from our customers” Mr. Jain expressed.
The project spread over 16.84 acres (68, 149 sq. mtr.) is having a total built up area of approximately 20 lac sq ft. With over 78% area reserved for lawns, parks, open and landscaped greens, get set to experience a plethora of flora, ferns, foliage, palm groves and numerous water bodies. The project will consist of carefully designed set of condominiums enclosing apartments of 3/4/5 bedrooms and the penthouses & villas.
The luxurious project offers multi-level security, under ground parking, piped gas supply, health spa, meditation cabana, golf putting greens along with a host of indoor and outdoor activities.
About Parsvnath Developers Limited:-
Parsvnath Developers Limited (PDL) is one of India’s leading real estate developers with Pan-India presence across 50 cities and 17 states with presence across key verticals of real estate industry. The company has developable area of over 200 million sq. ft. The company presently is having 81 mn. sq. ft. of area under construction out of which 43.62 mn. sq. ft. is already sold. With a track record of timely delivery of projects, the company carries on construction of the projects in-house, which adds to its capability of timely delivery and quality. PDL has a diversified portfolio of real estate development projects including Integrated Townships, Residential Projects and Commercial Complexes such as shopping malls, multiplexes, hotels, IT parks, B.O.T. Projects and SEZs. It has successfully completed 14 Residential, 12 Commercial and 7 DMRC Projects and is having a customer base of 25,000.
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