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Parsvnath's Township Project Gets Completion Certificate; Stock Climbs 5%
Written by Administrator Monday, 10 January 2011 19:06
Integrated infrastructure developer Parsvnath Developers today said it has received the completion certificate for its 62-acre integrated development project in township Parsvnath City, Indore.
The property is strategically located on AB road by pass. The total township sprawls over 177 acres, out of which the company has received the completion certificate for 62 acres.
"With the receipt of the completion certificate our customers can start construction on the plots that they own," Pradeep Jain, Chairman, Parsvnath Developers, said. Besides, the company is developing a 100-acre township in the city of Ujjain.
Shares of Parsvnath are currently trading up over 5% at Rs.57.30 on the Bombay Stock Exchange.
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