From correspondents in Delhi, India, 12:42 PM IST

Parsvnath Developers Limited (PDL), India’s leading Real Estate Company with pan India presence having diversified portfolio has announced the launch of Parsvnath Premier a Group Housing project in Parsvnath City, Indore.

The Group Housing project spread over an area of 6.3 acres is strategically located in Indore adjoining NH-3 & AB Bye Pass, Mangliya. The realization from the project is approximately Rs 60 crore and is scheduled to be complete by the end of 2011.

“At Parsvnath it has been our constant endeavor to explore opportunities to completely develop the fastest growing cosmopolitan city of India by furnishing it with residential and commercial projects so that it stands at par with the metro towns. In order to do so in the commercial capital of Madhya Pradesh where we marked our presence by launching Parsvnath City, an integrated township with IT/ ITES SEZ we are further launching Parsvnath Premier.” said Mr. Sanjeev Jain, Managing Director, Parsvnath Developers Limited.

Parsvnath Premier having 4.11 lac sq. ft of saleable area offers 300 units. The project comprising of ground plus five floors would be equipped with two and three bedroom flats. The project to be built with rich construction specifications offers a gamut of leisure activities.

Parsvnath also entered into an agreement with Madhya Pradesh government for expeditious and unhindered development of its 76-acre SEZ at Indore which will create direct and indirect employment opportunities for approximately 40,000 people and is developing 100 acre Integrated Township in Ujjain.

Source: Press Release Distribution via India PRwire