Real Estate Chandigarh

Residential and Commercial properties in Chandigarh..

11 September 2007

Parsvnath plans 16-bln-rupee township in Chandigarh

Real estate firm Parsvnath Developers Ltd said on Thursday it plans to set up a luxury township in Chandigarh at an estimated cost of 16 billion rupees over three years.

The 123-acre project will have 3.85 million square feet of residential space, and 270,000 sq ft of commercial space. Estimated revenues will be around 41 billion rupees, it said in a statement.

Parsvnath has a 70 percent stake in the project, with the balance held by the Chandigarh Housing Board, it said.

Source : News.Yahoo
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