Mumbai: - One of the leading real estate developers of India, Parsvnath Developers Limited (PDL), has decided to set up Parsvnath Premier, a Group Housing project in Parsvnath City, Indore.

The housing project in Indore will be spread over to an area of 6.3 acres. The company hopes to complete the Rs 60 crore project by the end of 2011.

Speaking on this, Sanjeev Jani (MD- Parsvnath Developers Ltd) said, “At Parsvnath it has been our constant endeavor to explore opportunities to develop the fastest growing cosmopolitan city of India by furnishing it with residential and commercial projects so that it stands on par with other metro towns. In order to do so in the commercial capital of Madhya Pradesh where we marked our presence by launching Parsvnath City, an integrated township with IT/ ITES SEZ, we are further launching Parsvnath Premier.”  

Earlier the real state giant had also signed an agreement with the Madhya Pradesh government for setting up a 76 acre SEZ at Indore. It is expected that the SEZ will provide employment (directly and indirectly) for around 40,000 people in the state. The company is also coming up with another township at Ujjain on a 100 acre area.