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Thursday, April 3rd 2008

11:52 PM

PARSVNATH TO INVEST RS 40 CRORE FOR MALLS

Parsvnath Developers, a real estate company which is setting up a special economic zone (SEZ), has launched the construction of a mall-cum-multiplex in the city's fashionable Rajpur Road. The company will invest Rs 40 crore for developing of the complex, said the company's officials. Parsvnath Eleganza is the first such mall-cum-multiplex being developed in Dehra Dun. Eleganza, located at the prime location of Rajpur Road, the mall comes with an added advantage of a 4-screen multiplex within the complex. The mall is spread in a sizeable area of 1.5 lakh sq.ft with fully air-conditioned and 100 per cent power backup, claimed an official. Glass fronted lifts, aesthetic architecture and modern design will provide complete comfort and a pleasurable shopping experience to the costomers. The mall is designed for optimum space utilization for its shop owners. The mall will boost premium national and international brands. The entire complex for which the construction has commenced is expected to be completed and operational within a year time. The company is also setting up an IT SEZ at Dehra Dun with an investment of Rs 1,050 crore, which will be executed by its subsidiary Parsvnath SEZ. The SEZ will come up in 35 acres of area with 3.8 million sq.ft available for the development.

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Courtesy: BS 31st march 2008

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