Parsvnath Developers subsidiary PEDPL develops modern commercial complex Parsvnath Capital Tower; Stock up 5%

The project by Parsvnath Estate Developers has been constructed on land allotted on lease from Delhi Metro Rail Corporation (DMRC) on BOT basis.

Jul 20, 2021 03:07 IST India Infoline News Service

Parsvnath Developers
Parsvnath Estate Developers Private Limited (PEDPL), a wholly-owned subsidiary company of Parsvnath Developers Limited, has developed a modern state-of-the-art office cum commercial complex of international standards — Parsvnath Capital Tower.

The company said in a filing on Tuesday that the project is situated on a land admeasuring 5 acres located in the heart of Delhi adjacent to Connaught Place on Bhai Veer Singh Marg, New Delhi. It has been constructed on land allotted on lease from Delhi Metro Rail Corporation (DMRC) on a BOT basis.

“The said project comprises of two independent buildings with Phase — I, having approx. 2,28,000 sq. ft. and Phase — II with approx. 1,13,000 sq. ft. Built-up area, cumulatively admeasuring approximately 3,40,000 sq. ft. (approx.).

The Phase — I is fully developed and occupied by prestigious organisations such as: Aditya Birla Group, World Health Organisation, State Bank of India, L’Oreal, ICICI Lombard etc.

Recently PEDPL has obtained the completion certificate of Phase - II. We look forward to a great participation from leading organisations in the coming days,” company said.

Towards close of trade on Tuesday, Parsvnath Developers Ltd. was trading at Rs16.91 per piece up by Rs0.8 or 4.97% from its previous closing of Rs16.11 per piece on the BSE.

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