By IANS,
New Delhi : Realty Major Parsvnath Developers Ltd Thursday announced the launch of Parsvnath Royale Floors, a housing project in Lucknow that offers houses in the range of Rs.1.39 million-2.75 million.
The city-based developer will invest Rs.1 billion (Rs.100 crore) to execute the project that will have houses with a floor area in the range of 435 square feet-1,135 square feet, the company said in a statement.
The project is scheduled to be completed within two years from the date of commencement of construction work and the company is hopeful of realsing the investment in as many years.
“At Parsvnath, it has been our constant endeavour to design products to cater to the ongoing demand trends. The need of the hour is quality construction at economical rates and our project Royale Floors highlights our commitment of providing quality construction at reasonable rates,” Parsvnath Developers chairman Pradeep Jain said.
The housing project, located on Lucknow’s Faizabad Road, is a part of an integrated township project Parsvnath City. The township, comprising 510 units, will have over 600,000 square feet area.
The project offers low-rise independent floors equipped with 100 percent power back-up and piped gas supply, the company said.