Parsvnath to invest Rs 15 cr on a housing project at Moradabad
Realty firm Parsvnath Developers Ltd on Tuesday said it would invest about Rs 15 crore to build a luxury housing project at Moradabad in Uttar Pradesh.
By PTI |
NEW DELHI : Realty firm Parsvnath Developers Ltd on Tuesday said it would invest about Rs 15 crore to build a luxury housing project at Moradabad in Uttar Pradesh.
"Parsvnath is investing approximately Rs 15 crore in the property for which construction has already started and is scheduled to be completed by 2010 end," the company said in a statement.
The project 'Parsvnath Residency' would offer 34 luxury housing units comprising 66,311 sq ft of saleable area.
Parsvnath Chairman Pradeep Jain said: "With an objective of bringing in luxurious living, we have announced the launch of our second residential project in Moradabad".
The company is also developing a housing project 'Parsvnath Pratibha' and a shopping mall in the city.
ADVERTISEMENT
Parsvnath currently has 114 projects comprising 211.32 mn sq ft of saleable area spanning across 51 cities and 18 states. It posted a consolidated revenues of Rs 1,837.12 crore and a net profit of Rs 424.39 crore in the last fiscal. Start a SIP with as low as ₹500 with ET Money App!
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
ADVERTISEMENT
