New residential project launched in Lucknow by Paarth
Lucknow- Real estate developer, Paarth Infrabuild Private Limited has launched its first housing project named “ Paarth Adyant ” in Lucknow.
Paarth Adyant spreads across 27 acres of land in Gomti Nagar extension area near Sultanpur Road. Besides apartment project, it also has hotels, commercial complexes and a hospital.
The project encompasses around 2000 residential units for all categories of buyers- low, middle and premium segment. The units are priced at range of Rs 4 lakh to Rs 70 lakh.
It will have 13 towers, among which seven towers will offer 656 three bedroom apartments in ground plus 22 or 24 floors each. An iconic tower amongst these will offer 4 BHK (with servant room) and penthouses. The project is expected to be completed in phases over the next four-five years.
The project will be loaded with all basic and modern amenities and features. These include large clubhouse of international standards with modern conveniences, billiards room, swimming pool, banquet, gym, etc, daily needs stores, commercial area, ample parking space, banks and post office, landscaped outdoor with a large green area in the centre, power backup, 24-hr. water supply, kids play area, jogging tracks, water bodies, creche etc.
The project is Gomti Nagar is located within two minute drive from Integrated Hi-Tech Golf City, three minute drive from Gomti Nagar and 10 minute drive from the Airport. A Software Technology Park and many other major offices, indoor stadium and commercial centres are located in the vicinity. An international cricket stadium and IT SEZ of the UP government are also coming up nearby.
Paarth Adyant is funded by using booking amount and mobilising internal resources. The company is preferring to take land parcels from development authorities or private companies. There are various hurdles and formalities involved while taking land from original land owners.
The company is also planning to launch similar housing projects in cities like Noida, Varanasi, Kanpur, Allahabad, etc. Rudrabhishek Enterprises Pvt. Ltd. (REPL) is the strategic consultants and knowledge partners of the company.
The company aims to develop four million square feet of space in Lucknow. In this regard, the company had already tied funds of Rs 100 crore. The group is also executing government redevelopment projects in old Delhi, Bikaner and Cuttack.
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