Environmental clearance for Parsvnath project

New Delhi: Leading real estate player Parsvnath Developers received environmental clearance for the construction of office-cum-commercial “Corporate Tower” at Netaji Subhash Place Metro Station, in New Delhi.

The project spreads over an area of 19,400 sq mt and has a total developable area of 2,50,000 sq ft. The project is strategically located with an easy accessibility on the ring road catering to the shopping needs of public travelling by metro and road. The project having multiple pull factors, will offer product mix that will attract footfall across all the age groups, a company statement said.

Parsvnath Developers is developing 114 mega projects spanning 211.32 mn sq ft in 51 cities and 18 states. For the year ended March 31, 2008, the company recorded consolidated revenues of Rs 1837.12 crore and net profit of Rs 424.39 crore.