Parsvnath plans residential project in Lucknow
The Hindu Business Line, March 6, 2009, Page 17
The Hindu Business Line, March 6, 2009, Page 17
Realty firm Parsvnath Developers announced on Thursday that it would build a residential project in Lucknow in the Rs. 13.95 lakh to Rs. 27.5 lakh "affordable range. The company is expecting sales realisation of about Rs 100 crore from this project comprising 510 independent floors covering over six lakh sq ft area.
“The total realisation for this project is approximately Rs 100 crore which would be realised over a period of two years,'' Parsvnath Developers said in a statement. The construction work of the project, which is a part of 35-acre township, is expected to get completed in two years. “At Parsvnath, it has been our constant endeavor to design products to cater on the ongoing demand trends. The need of the hour is quality construction at economical rates,'' company's Chairman Pradeep Jain said.
Real estate developers, including country’s largest realty firm DLF, have started focusing on affordable housing projects to beat the slow down in property demand, which has affected their sales volumes significantly.
Parsvnath, with presence across 50 cities in 17 States, has a developable area of 209 million sqft, of which 81 million sq.ft is under construction.
“The total realisation for this project is approximately Rs 100 crore which would be realised over a period of two years,'' Parsvnath Developers said in a statement. The construction work of the project, which is a part of 35-acre township, is expected to get completed in two years. “At Parsvnath, it has been our constant endeavor to design products to cater on the ongoing demand trends. The need of the hour is quality construction at economical rates,'' company's Chairman Pradeep Jain said.
Real estate developers, including country’s largest realty firm DLF, have started focusing on affordable housing projects to beat the slow down in property demand, which has affected their sales volumes significantly.
Parsvnath, with presence across 50 cities in 17 States, has a developable area of 209 million sqft, of which 81 million sq.ft is under construction.
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