Parsvnath executes development agreement with Rail Land Development Authority

04 Jun 2013 Evaluate

Parsvnath Group (Parsvnath), India's leading real estate and infrastructure developer with a diversified portfolio has executed Development Agreement with Rail Land Development Authority, Ministry of Railways, on May 31, 2013 for the development of 15.27 hectares (38 acres) of railway land area situated at SaraiRohilla-Kishanganj, Delhi.

Pursuant to the selection of Parsvnath Developers (PDL) as ‘Selected Bidder’ by Rail Land Development Authority (RLDA) in a tendering process for development of 38 acres of railway land area situated at SaraiRohilla-Kishanganj (Project) vide Letter of Acceptance dated November 26, 2010, the company has, after meeting the conditions precedent and completing various formalities, executed, as Selected Bidder, a Development Agreement amongst the company, RLDA and Parsvnath Rail Land Project , a special purpose company incorporated for implementing this project.

This project will be developed over an area of about 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.

Parsvnath Developers Share Price

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