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| Parsvnath to build township project at Panipat |
| Press Trust of India / New Delhi May 18, 2009, 12:54 IST |
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Realty firm Parsvnath Developers Ltd said on Monday it will build a township project in Haryana with an investment of Rs 212 crore.
"The company has received environmental clearance from the State Environment Impact Assessment Authority, Haryana, for the construction of a proposed township project at Panipat in Haryana," Parsvnath said in a statement.
After getting the environmental clearance, Parsvnath would now be in a position to start construction at the site soon, it added.
According to the plan, the company would develop a 162-acre township project in phases. The project would be developed on 657,000 square metre and the total built-up area would be 216,000 sq mt.
The township would have 927 residential plots, group housing and a shopping mall with multiplex. The development of the project is expected to be complete in two years from the start of construction work.
Parsvnath has a total land bank of 209 million sq ft and is present in all the verticals of real estate. The company currently has 81 million sq ft of area under construction, of which 43.62 million sq ft is already sold.
The company has presence across 50 cities in 17 states.
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