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| Parsvnath launches "Parsvnath City", Saharanpur |
| Announcement / Corporate Sep 21, 2009, 19:26 IST |
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Second project by Parsvnath in Saharanpur after Parsvnath Plaza (Commercial Project)
Parsvnath Developers Limited (PDL), India’s leading Real Estate Company with pan India presence having diversified portfolio today performed Bhoomi Pujan and announced the launch of Parsvnath City, Saharanpur. The Parsvnath City, Saharanpur will offer plotted development, independent Floors and expandable villas at affordable rates.
Spread over 107 acres, Parsvnath City, Saharanpur is strategically located on Delhi road. First of its kind project in Saharanpur will offer independent floors in the affordable price range starting from Rs 9.50 lakh.
The project will comprise of plots in various sizes of 201, 300, 402 and 502 sq. yrds. The independent floors will have the options of 2 / 3 Bedroom & 3 Bedroom + study units & option of expandable villas, which can be expanded as per the need and requirement of the customer, is also available here.
Parsvnath City, Saharanpur, will have fully developed infrastructure, with underground cable and sewerage, wide well lit metalled roads and solid waste management. Apart from this the township will also have Group Housing, School, Community Centre, Mall / Shopping etc.
The realization from the project will be approx. Rs 350 crore spread over a period of two years. The development of the township is expected to be completed in two years.
Commenting on the occasion, Mr. Pradeep Jain, Chairman, Parsvnath Developers Limited said, “At Parsvnath it has been our constant endeavor to design products to cater to the ongoing demand trends. The need of the hour is quality construction at economical rates and our project Parsvnath City, highlights our commitment of providing affordable housing that suits every pocket. It has been my firm belief that there is no dearth of buyers for projects priced at affordable rates and I am confident that our project holds huge potential and will be a huge success.”
“We also welcome government’s move in announcing 1% subsidy on home loans up to Rs. 10 Lac. With combined efforts of government and developers we hope the buyer will get the maximum benefit.” Mr. Jain further added.
Parsvnath Developers Limited, said, “Applauded response from Parsvnath’s first offering in Saharanpur which was a commercial offering - Parsvnath Plaza; we have been motivated to launch an Integrated Township. What was needed in this trading hub was a project that caters to the needs of residents in and around Saharanpur. Our project, Parsvnath city, aims at bridging this gap and addressing needs of every individual”.
About Parsvnath Developers Limited:-
Parsvnath Developers Limited (PDL) is one of India’s leading real estate developers with a pan-India presence spread over 47 cities and 16 states, across key verticals in the real estate sector. The company has a developable area of over 193 million sq. ft. and is aggressively working on 42 million sq. ft. out of which 35.16 million sq. ft. is already sold and is moving ahead towards its objective of handing over approximately 30 million sq. ft. within 24 months.
The key business segments include development of residential, commercial (office & retail), DMRC projects, Hotels, SEZs, IT Parks, third party construction with a strong project execution capability with high experienced in-house construction and procurement teams.
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