Monday, September 3, 2007

Parsvnath Receives Notification For Gurgaon SEZ

Parsvnath Developers Ltd has informed that that the Company have received the final notification from the Central Government for the Company IT / ITES SEZ at Gurgaon (Haryana), in the name of the Company Subsidiary, Parsvnath SEZ Ltd. With this, the company now has 2 notified SEZs for IT / ITES sectors at Indore and Gurgaon.

The Gurgaon SEZ, spread over 105 acres, will have a developable area of approximately 10 million sq ft. The project is scheduled for completion within 36 months from the commencement of construction.

The two notified SEZs have a developable area of approximately 16.62 million sq.ft. The company now also has 3 formally approved SEZs at Dehradun, Kochi and Hyderabad with total developable area of 11.70 million sq.ft, which are awaiting central government notification. It also has 7 SEZs with total developable area of 170 million sq.ft which have received In- principle approval from the Central Government.

In this regard the Company has issued the following Press Release:

The Company has announced that it has received final notification for its IT / ITES SEZ at Gurgaon from the central government. With this, the Company now has 2 notified SEZs for IT / ITES sectors at Indore and Gurgaon. All SEZs are being developed in PDLs subsidiary. Parsvnath SEZ Ltd.

The Gurgaon SEZ, spread over 105 acres, will have a developable area of approximately 10 million sq ft. The project is scheduled for completion within 36 months from the commencement of construction.

The two notified SEZs have a developable area of approximately 16.62 million sq ft. The Company now also has 3 formally approved SEZs at Dehradun, Kochi and Hyderabad with total developable area of 11.70 million sq ft. which are awaiting central government notification. It also has 7 SEZs with total developable area of 170 million sq ft, which have received in-principle approval from central government.

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