Luxury Apatments by Parsvnath near Commercial Properties Gurgaon ...

Luxury Apatments by Parsvnath near Commercial Properties Gurgaon

Parsvnath Developers Limited (PDL) a known Real Estate Developer in Delhi has declared partnership with a leading international Real Estate Private Equity Fund known as ?Red Ford Capital? by signing an agreement. The nature of this agreement proposes to sell 5% of additional stake for premium luxury residential project, which is to be constructed at Civil Lines, Delhi. With the additional stake hold help there will be an increase in the total value investment of Red Fort Capital by Rs.1, 200-million from Rs.1, 000-million.

Parsvnath Developers Ltd will execute this plan through its subsidiary company ?Parsvnath Landmark Developers Pvt. Ltd? under the section of premium luxury residential project. Project named ?Parsvnath La Tropicana? will be spread across an area of 17 acres. The project is already under commencement stage wherein the Parsvnath had received all the major sanctions from government besides MCD and environment clearances. The agreement entered also includes supplementary agreement with ?Red Fort Capital? which comprises investment details of about 5% of equity capital interest i.e., around Rs.250-million by way of purchase in investment from PDL. ?

Red Fort Capital and Parsvnath together have raised hopes of Buying Residential Apartment in Delhi in North Delhi region and near by commercial properties gurgaon. The proportionate ratio of apartment will be launched in year 2011 or start of year 2012 as project has just started on operation stage. For allotment and booking details you have to visit regularly company web site as well as new paper information. ?

This project will include only luxury apartments. However prices details are not highlighted by the officials, stating that they are in start of planning an ultimate project, which will be taking time for declaring price structures and related investment instruments. North Delhi, Civil Lines is a posh area of Delhi surrounded by Delhi University Campus, connected with Metro. Major areas connected to Civil Lines are stunning, including the infrastructure and management facilities

Paul Joseph is the author of real estate. He is dedicated to provide people seeking information about real estate,? rental property, commercial propertioes, service propertys. For more information log on to Commercial Properties Gurgaon

Source: http://eboden.org/?p=9983

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