Paarth Infrabuild intends to invest Rs 5,000 crore in various real estate projects, to be launched in Uttar Pradesh, during 2014.
Primarily, the company will launch realty projects in Lucknow, Noida, and Kanpur. Paarth Infrabuild plans to develop an area aggregating 12 million sq ft in Uttar Pradesh, over the next couple of years.
Meanwhile, the company has launched its new project, 'Paarth Arka', on Sultanpur road in Lucknow. The project, worth Rs 650 crore, is spread over 11 acre. It will comprise nine towers of varying storeys ranging from 24 to 32, with a total of 905 units measuring 1,600-3,000 sq ft.
Besides, Paarth Infrabuild is also planning to launch a real estate project soon in Kanpur. The project, spread over 80 acre, will entail an investment of Rs 4,000 crore.
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