Parsvnath Developers Ltd signed a MoU with Government of Gujarat for
developing various projects at an investment of Rs.1600 crore over a period of
2-3 years. The company will develop townships, group housing, commercial
complexes, IT Parks amongst others at Ahmedabad, Bhavnagar, Rajkot, Vadodra,
Surat, Jamnagar and other districts in Gujarat. Some projects are being
implemented with immediate effect.
The Government of Gujarat in the Vibrant Gujarat Urban Summit 2007 had
invited investment from real estate developers to develop townships, participate
in the construction and management of Utilities in the State of Gujarat and
facilitate implementation of such projects/activities.