Parsvnath Developers performs Bhoomipujan of IT Park in Gurgaon

Invests Rs135 crore in construction of Parsvnath Technica - Cyber Park.

Parsvnath Developers Limited (PDL), leading real estate and infrastructure provider performed ground breaking ceremony of IT park today in Gurgaon. The company is already in possession of the land and will invest Rs. 135 crore in the construction of the IT Park.

Parsvnath Technica - Cyber Park strategically located at Main Gurgaon Sohna road in Gurgaon, Haryana and will have office space of 7 lac sq. ft. spread over two towers. The expected realization from the project is approximately Rs 350 – 370 crore and will be completed within three years from the commencement of construction.

Commenting on the occasion, Mr. Pradeep Jain, Chairman, Parsvnath Developers Limited, said, “The decisive mandate in the elections assures us that a stable government without any backward pull from allies will ensure a robust economy. This expectation of stability has already generated positive vibes in the economy. The government since the recent past has been taking both fiscal and monetary measures to revive all the industries. I am confident that IT/ ITeS segment will regain the old glory and we will witness tremendous response from our prospective customers for our IT Park”.

“Recognizing strong growth potential of the IT/ ITeS sector, we have announced its maiden foray in the IT Park segment through the launch of Technica Cyber Park. The state of the art IT Park equipped with modern amenities would emerge as a preferred place for Indian and multinational companies.” added Mr. Jain.

The IT Park offering international safety environment and quality norms is equipped with advanced telecom facilities. The park provides hassle free parking through a dedicated parking zone and provides high security through a pre-installed 3 tier security system under CCTV surveillance. To provide a stress free working environment, the IT Park also offers convention centres, recreation area, multi-cuisine restraunts and various food outlets.

The building will comprise of G+5 and G+11 storeys and will have approximately 75,000 sq. ft. contiguous floor plate. The project has been designed by M/s Rajinder Kumar & Associates, a renowned architectural firm.

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.