Parsvnath Developers pays Rs 500.86 crore to RLDA to develop Sarai Rohilla land

23 Aug 2013

Parsvnath Group, India’s leading real estate and infrastructure developer with a diversified portfolio, has paid an amount of Rs 500.86 crore to Rail Land Development Authority (RLDA), Ministry of Railways for the development of 15.27 hectares (38 acres) of railway land area situated at Sarai Rohilla-Kishanganj in Delhi. A development agreement has been executed between RLDA and Parsvnath Rail Land Project, a special purpose company (SPV) incorporated for implementing this Project on 31st May, 2013.

This Project will be developed over an area of about 15.27 hectares (38 acres), comprising of luxury air-conditioned residential apartments, commercial/ shopping areas, railway housing, railway service building & common facilities, hospital/school and other amenities, state of the art club with gymnasium and sports facilities, etc.

Parsvnath Developers is one of India’s leading real estate developers. The company has emerged as one of the most progressive and multi-faceted real estate and construction entities in the country.

 

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