Parsvnath Developers Receives Completion Certificate for 20.67 Acres Project in Indore
Parsvnath Developers Limited, a major player in India's real estate and infrastructure sector, has announced the completion of its 'Saatvik Green NX' project in Indore, Madhya Pradesh. The project marks a significant development milestone, with the company having received the Completion Certificate from the Office of Collector, District Indore (MP), confirming that all development work has been finalized.The 'Saatvik Green NX' development is situated in Raukhedi, Indore (MP), in collaboration with RRHL Realty Limited. The project spans an area admeasuring 83,670 Sqm, equivalent to 20.67 Acres (8.37 Hectares).
The development is positioned for high accessibility along the AB Bypass Road/Indore-Dewas Bypass. Its strategic location offers proximity to key urban centers and infrastructure, including the Manglia Toll Plaza, and is conveniently located 20 km from Indore Railway Station, 12 km from Bombay Hospital, and 11 km from the Radisson Hotel.
The township is designed to provide necessary facilities for residents, offering a blend of serene surroundings and unmatched connectivity. The residential offerings are structured into three distinct plot categories: Silver, Gold, and Platinum, with a total of 473 plots available within the project. The development work on the 'Saatvik Green NX' began in April 2024.
Project Overview Summary
| Feature | Detail |
|---|---|
| Project Name | Saatvik Green NX |
| Location | Raukhedi, Indore (MP) |
| Collaborator | RRHL Realty Limited |
| Area | 20.67 Acres (8.37 Hectares) |
| Total Plots | 473 |
| Plot Categories | Silver, Gold, and Platinum |
| Development Start | April 2024 |
Company Context
Parsvnath Group maintains a strong presence across 13 states, spanning more than 37 major cities, including New Delhi, Gurugram, Noida, Greater Noida, Indore, Jodhpur, Lucknow, Moradabad, and Ujjain. The group's portfolio includes diverse projects such as contemporary residential spaces, state-of-the-art office and commercial complexes, affordable housing, and shopping malls. To date, the Company has successfully delivered 68 projects.
Mr. Pradeep Jain, Chairman of Parsvnath Developers Limited, emphasized the company's current focus, stating that the group is dedicated to the execution of ongoing projects to achieve 'MISSION POSSESSION'.
PARSVNATH Stock Price Movement
Parsvnath Developers Limited shares are edging higher to ₹8.68 as of 11:34 AM today, gaining 0.70% in live trading. The stock is exhibiting strong momentum, trading on a total volume of 99,445 shares in the current market session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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