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IREF® - Indian Real Estate Forum > Real Estate Open House > General Real Estate Discussion > Indian Real Estate Developers > Parsvnath > Parsvnath to build Ranchi City Centre
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Old February 20 2007, 11:44 AM   #1
Ehsaan
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Question Parsvnath to build Ranchi City Centre

In the competitive bid involving 20 developers, Parsvnath was the highest bidder.Parsvnath tendered a bid amount of Rs 52.51 crore.

Parsvnath group will develop a modern City Centre at Ranchi after the developer outbid 20 other firms to win the Rs 400 crore project.The city centre at Jharkhand's capital had a tentative project value of around Rs 400 crore.

RMC earmarked about 8.3 acres of high-end commercial land available within the city on the Kacheri Road of Ranchi town on a 90-year lease.

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