Parsvnath starts construction of Sonepat housing project

NEW DELHI: Real estate firm Parsvnath Developers on Thursday said it has started the construction of its 28-acre group housing project in Sonepat, which has an expected realisation of Rs 500 crore in the next three years.

The complex, Parsvnath Preston, is spread over a saleable area of 2.2 million sq ft and would constitute high-end residential units.

"Preston has all the amenities and facilities and will cater to the demand of buyers who are on a lookout for their dream house at an affordable price close to Delhi. Keeping in view the requirements of our esteemed customers, the company has also introduced special EMI reimbursement scheme to provide substantial benefits in payment plans," Parsvnath Developers Chairman Pradeep Jain said in a statement.

The residential complex would offer over 1,200 units, of which 500 would be available in the first phase with two, three and four bedroom apartments.

'Parsvnath Preston' is a part of 'Parsvnath City', a township project from the company which would also have school, healthcare facilities, shopping mall and club.