Parsvnath Developers Launches First Commercial Mall in Jamnagar
Real estate major Parsvnath Developers has announced the launch of its inaugural integrated commercial mall project in Jamnagar, Gujarat. The development represents a significant investment of Rs 120 crore for the company.
Project Details and Financial Projections
According to a filing with the Bombay Stock Exchange, the project in Jamnagar will encompass an integrated group housing complex and a commercial mall. Situated on a 13,200-square-meter plot, the development is projected to generate Rs 120 crore in revenue over the next three financial years. The company anticipates substantial returns from this mixed-use project.
Other Parsvnath Projects in Ahmedabad
Parsvnath Developers maintains a presence in Ahmedabad with two ongoing projects. At Vejaipur, the company is working to bring into existence a combination mall and hotel project. In Vastrapur, they are overseeing development of yet another commercial project. These developments underline Parsvnath's ongoing commitment to expanding its footprint in the region's commercial real estate landscape.
Realty major Parsvnath Developers said it has launched its first integrated commercial mall project at a cost of Rs 120 crore in Jamnagar, Gujarat. Parsvnath Developers launched its first integrated group housing and commercial mall project in Jamnagar, which is being developed on total land area of 13,200 square meter with an expected realization value of Rs 120 crore spread over three financial years, the company said in a filing to the Bombay Stock Exchange. Parsvnath has two projects in Ahmedabad where the company is developing mall cum hotel project at Vejaipur and commercial project in Vastrapur.