Parsvnath Developers Limited , a prominent player in India's real estate and infrastructure sector, has announced the completion of its latest commercial project, the 'Unity One Elegante' mall in Delhi. The company has successfully obtained the occupancy certificate for this upscale shopping destination, marking a significant milestone in its commercial real estate portfolio.

Project Details

The 'Unity One Elegante' mall, developed through a joint venture with Unity Group under the SPV 'Unity Parsvnaths LLP', boasts impressive specifications:

Mall Highlights

The mall is positioned as a 'Bridge to Luxury' shopping destination, catering to the affluent neighborhoods of North West Delhi. Key features include:

• High-end brands and luxury fashion retailers
• Multiplex operated by PVR-Luxe
• Food court with diverse dining options
• Family entertainment centers like Funblock and Timezone

Notable Tenants

The 'Unity One Elegante' has attracted a mix of renowned national and international brands:

Strategic Importance

Pradeep Kumar Jain, Chairman of Parsvnath Developers Limited, emphasized the strategic importance of this project, stating, "The Company is also focusing on development of new commercial and other projects with new strategic / JV partners which will further strengthen the brand value of 'Parsvnaths'."

The completion of 'Unity One Elegante' mall represents Parsvnath Developers' continued commitment to diversifying its portfolio and capitalizing on the growing demand for premium retail spaces in key urban centers.

With its prime location and impressive tenant mix, the mall is poised to become a significant shopping and entertainment destination in Delhi, serving a catchment area that includes upscale neighborhoods such as Pitampura, Shalimar Bagh, Punjabi Bagh, Ashok Vihar, Model Town, and Rohini.

As the retail sector continues to evolve, projects like 'Unity One Elegante' demonstrate the resilience and adaptability of well-positioned commercial real estate developments in India's metropolitan areas.

Parsvnath Developers Limited (PDL) has announced significant progress in its integrated township project in Rajpura, Punjab, demonstrating the company's commitment to project execution and customer satisfaction.

Project Details

The ambitious project, spanning 112.856 acres, is strategically located along GT Road near Shambu Border Railway Station, just 20 km from both Ambala and Chandigarh. This prime location ensures excellent connectivity to essential amenities and major commercial and residential centers.

Comprehensive Development Plan

The integrated township is set to include a diverse range of facilities:

• Residential plots
• Group housing
• Commercial complexes
• Clubs
• Schools

This comprehensive approach aims to create a self-sufficient community catering to various needs of its residents.

Appointment of Development Manager

In a key move to expedite the project's progress, PDL has appointed Emperor Infratech Private Limited as the Development Manager through a Development Management Agreement. The Development Manager will be responsible for crucial aspects of the project, including:

• Development services
• Completion and implementation
• Sales and marketing
• Maintenance

Focus on Timely Delivery

The Development Manager is tasked with completing the entire project at an accelerated pace, with a strong emphasis on:

1. Delivering possession to existing customers
2. Selling unsold inventory
3. Ensuring timely project completion

Company's Strategic Direction

Pradeep Jain, Chairman of Parsvnath Developers Limited, emphasized the company's current focus, stating, "The Company is focusing on execution of on-going projects to achieve 'MISSION POSSESSION'."

Parsvnath Group's Presence

The announcement also highlighted Parsvnath Group's extensive presence across India:

• Operations in 37 cities across 13 states
• Portfolio includes residential spaces, office complexes, affordable housing, and shopping malls
• Successfully delivered 68 projects to date

This new development in Rajpura aligns with Parsvnath Developers' broader strategy of expanding its footprint while prioritizing project completion and customer satisfaction. The appointment of a dedicated Development Manager for the Rajpura township project signals the company's commitment to efficient project execution and timely delivery in the competitive real estate market.