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« Dewan Housing arm lines up $250 million real estate fund | Home | Rendezvous enters India »

Parsvnath bags project in Mumbai

Real estate developer Parsvnath Developers Ltd has won another project from Mumbai to develop a plot of land at Mahim Bus Station for commercial and residential utilization along with remodeling of existing bus station. The project would give the Company a developable area of forty thousand square feet with a realizable value of approximately seventy crore rupees. This project is in addition to a project grabbed from BEST, Mumbai for re-development into a modern bus terminus at Kurla with modern amenities and a commercial shopping complex in Mumbai. The Mahim project would be on lease to the Company for a period of sixty years and would be executed within two years from the date of commencement of work.

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