Parsvnath Developers

Parsvnath Developers Ltd has announced that in an overwhelming response to the first phase of the launch of Parsvnath Prideasia, the Premium Township of the Company, more than 65% of the units on offer have been booked. 220 units in various categories at this luxurious township situated in the heart of Chandigarh have been booked amounting to a sale of Rs 325 crores approximately.

10% of the 359 units which were made available for booking were reserved for IT / ITES companies. This initiative was specially taken keeping in mind the upcoming IT / ITES / BPO companies in the vicinity of the township and the place seeing the interest of many professionals to reside in the city which is strategically located in Rajiv Gandhi Chandigarh Technology Park.

The Township has been witnessing a sea of visitors since its launch at the beginning of the month. Even the limited edition 5 bedroom Penthouses and Exclusive Villas have witnessed tremendous response. The exquisitely designed 123 acres luxurious township providing for aristocratic living amidst Sukhna lake, golf course and in the backdrop of Shivalik Range is an integral part of the Rajiv Gandhi Chandigarn Technology Park which is fast becoming the most attractive hub for investments, job creation and education.

According to Mr. Pradeep Jain, Chairman of the Company, "We are quite satisfied with the bookings that we have received in the first phase. The response and acceptance shown towards the new concept introduced is quite encouraging. The booking figures for the Hi end apartments and Villas are also very forthcoming."

"This is the first time that we have introduced many new concepts and amenities in the township that are synonymous with luxurious and premium lifestyle. The aspiration to own such an address is growing gradually and we are willing to wait for this enigma to grow," Mr. Pradeep Jain added.

Parsvnath PRIDEASIA is a joint venture between the Company and Chandigarh Housing Board. The Project has a saleable residential area of 38.5 lakh sq ft, a commercial area of 2.7 lakh sq ft. and a club, Sports centre and a water sports complex of 2 lakh sq. ft.