Parsvnath Realcon starts construction of its stalled project in Delhi

NEW DELHI: Parsvnath Realcon (PRPL), a wholly owned subsidiary of Parsvnath Developers, has started construction of its project Parsvnath Paramount situated at Subhash Nagar, New Delhi and plans to complete the project within a year, the company said in a BSE filing.

It has obtained all the necessary approvals including sanction of building plans, environmental clearance, RERA Registration Certificate etc.

The project consists of five towers including one separate Tower of EWS, having total 87 residential units in four towers and 45 units in EWS Tower.

The construction in the project was stuck due to inter-se dispute between the government agencies relating to the said project.

The legal matter/ dispute was contested on and at every appropriate forum and consequently, after a long litigation, PRPL succeeded in getting the sanction of the building plans from the South Delhi Municipal Corporation on December 16, 2019 and also got the environment clearance extended with the validity upto 2024. All the statutory approvals have been duly obtained by PRPL.