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Sabeer Bhatia teams up with Parsvnath Developers to develop Hi-Tech city

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Pradeep Jain, aged about 43 years is the chairman of Parsvnath Developers Ltd. was aggressive regarding the Indian property market. When questioned regarding diminish in the property market, he answered wisely re-questioning to know a solitary property whose rate had really dropped.
Now the entire focus is on Jain and his company, owing to the team-up with Hotmail creator Sabeer Bhatia for a hi-tech city extends to almost 11,200 acres in Panchkula in the surrounding area of the milestone city of Chandigarh. Generally, supposed as the white knight for Nano city Haryana Ltd.
If it is recalled the article updated in www.propertykhazana.com some time back, Jain had taken 38% share in the firm for Rs. 41.5 Crores and has guaranteed to invest extra Rs. 400 Crores in equity and debt to develop the city.
Suburb of Mohali, which is next to Le Corbusier’s famed formation, is the residence to the country’s oldest and biggest chip manufacturing facility – Govt. possessed Semiconductor Complex Ltd. and the similar of Punwire, Fujitsu Communications and TV Picture Tube Company and so on. While signing this contract, Jain was dissatisfied of not having been approved a license to work mobile phone services in the country. Bhatia and Jain well –known to each other, this could well be the starting of the joint venture that look for to connect the soiled block and mortar world to that of unseen Nano atoms. For more updates on realty market browse www.propertykhazana.com.
Source: NBTVLIVE

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