24 Apr 07 Parsvnath Developers wins new project, shares surge

Parsvnath Developers shares spurted today after an announcement was made that Parsvnath Developers had wonÃ‚Â a new project for an integrated shopping mall and metro station at the games village complex. This is the second DMRC project after Azadpur Metro Station, for which Parsvnath Developers has been awarded construction of the metro station along with a shopping mall.

The project covers 7.3 acres. The shopping mall and station are to be developed in approximately 3,65,000 sq. ft. The project will cost Rs. 160 crores. The concession period for the project is 30 years and it operates on a build-operate-transfer (BOT) basis. The project will be completed by the middle of 2010, before the commencement of Commonwealth Games.

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