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Rs 200 crore property in Parsvnath Developers kitty

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According to the sources available with the www.propertykhazana.com, Parsvnath Developers has revealed that the Group has purchased the land for Rs. 200 Crores in Connaught Place, New Delhi from Mahajan Industries, jointly with the Dhoot family of Videocon Group Promoters. Parsvnath Developers has purchased a plot at 27 in Kasturba Gandhi Marg through a newly formed additional Primetime Realty Developers Pvt. Ltd. and is planning to construct a lavish mall-cum-office building which will have a combination of fashion, lifestyle and entertainment. Mall will host chosen main international and Indian lavish brands across categories like Apparel, Jewellery, Accessories, Home and Electronics.
Company source informed the www.propertykhazana.com that, “The Development will commence at once after getting all the essential authorizations.” Parsvnath Developers Limited is mainly connected in the promotion, construction, development and auction of realty lands in India. At present, it has about 210 Million Sq.ft of developable locality comprising 7 Special Economic Zones (SEZ).
Source: NBTVLIVE

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