Parsvnath Developers Ltd, the Realty firm has announced on Monday that it will construct a township project at Panipat in Haryana with an investment of Rs 212 crore.
In a statement, Parsvnath said, "The Company has received environmental clearance from the State Environment Impact Assessment Authority, Haryana, for the construction of a proposed township project at Panipat in Haryana."
It added that Parsvnath would now be in a position to start construction at the site just after getting the environmental clearance.
Under this plan, the company would develop a 162-acre township project in phases. The project would be developed on 6.57 lakh square metre and the total built-up area would be 2.16 lakh sq mt.
The township would have 927 residential plots, group housing and a shopping mall with multiplex. The development of the project is expected to be complete in two years from the start of construction work.
Parsvnath has a total land bank of 209 million sq ft and is present in all the verticals of real estate. The company currently has 81 million sq ft of area under construction, of which 43.62 million sq ft is already sold.
The company has presence across 50 cities in 17 states.
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