Parsvnath Developers has bagged an order worth Rs.160 crore from Delhi Metro Rail Corporation to develop an integrated shopping mall and a metro station at the Games Village complex.

This is the second DMRC project after Azadpur Metro Station for which the company has been awarded to construct the metro station with shopping mall. The shopping mall and station are to be developed in an approximate area of 3,65,000 sq.ft. The concession period for the same is 30 years on BOT basis.

Parsvnath Developers has already entered into concession agreements to develop shopping malls on 11 stations owned by the Delhi Metro Railway Corporation (DMRC) on a Build-Operate-Transfer basis. Of these, five have already been executed. These include Parsvnath Metro Mall at Metro Stations at Shahdara, Pratap Nagar, Inderlok, Seelampur and Tis Hazari.

Work on the project is scheduled for completion by mid 2010, before the commencement of Commonwealth Games.

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