Parsvnath Developers arm receives approvals for luxurious Project 'Parsvnath Paramount'

Parsvnath Realcon Private Limited (PRPL), a wholly owned subsidiary company of Parsvnath Developers Limited, has been constructing and developing a luxurious project "Parsvnath Paramount", situated at Suohash Nagar, New Delhi, with full of amenities.

The said project consists of 5 towers including one separate Tower of EWS, having total 87 residential units in 4 towers and 45 units in EWS Tower.

The construction in the said Project was stuck due to inter-se dispute between the Government agencies relating to the said project. The legal matter/ dispute was contested on and at every appropriate forum and consequently, after a long litigation, PRPL succeeded in getting the sanction of the Building Plans from the South Delhi Municipal Corporation on December 16, 2019 and also got the environment clearance extended with the validity upto 2024. All the statutory approvals have been duly obtained by PRPL.

PRPL has also got the said Project registered under the norms of the RERA Act and obtained the RERA Registration Certificate on August 13, 2021. The site has already been mobilized for expeditious completion of the balance work and the construction and development work at the project site is going on in full swing.

It is our endeavor and we are looking forward to complete the project within a year.

Shares of Parsvnath Developers Ltd. was last trading in BSE at Rs. 12.65 as compared to the previous close of Rs. 12.05. The total number of shares traded during the day was 18336 in over 90 trades.

The stock hit an intraday high of Rs. 12.65 and intraday low of 11.75. The net turnover during the day was Rs. 224415.

Source : Equity Bulls

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