Paarth Infrabuild to invest Rs 500 crore to build Lucknow’s first Smart City project
Paarth Infrabuild would invest Rs 500 cr to develop the Paarth Republic township, Lucknow’s first smart township. The project ‘Paarth Republic’ would comprise almost 4,500 residential units and technology enabled management of waste, sewers, traffic and lighting.
Paarth Republic township will be spread on 80 acres of land on the Lucknow-Kanpur highway, in the vicinity of the proposed Lucknow Metro Rail route from Lucknow to Charbagh railway station. It will be only nearly six kilometers from the airport.
“Smart city is the buzz word these days and figures high on the governments agenda, but we will be the first one to actually deliver it. We would, along with funds from banks and institutions, pump in Rs 500 crores, in the first phase of Paarth Republic” said Chairman and MD, Pradeep Misra.
He said the company had tied up with financial institutions to fund the project, which is expected to cost over Rs 4,000 crore.
About Paarth Infrabuild Ltd
Mr. Pradeep Misra, Director of Paarth Infrabuild Ltd., famous for his midas touch on REPL, is the powerhouse behind the organization. This Director is endowing with wide range of expertise and skills to establish a company dedicated to empower humankind with more than just passion. Further, with the backing by a set of broad-minded professionals who are intensely delighted to contribute in empowering humankind. A team of 25 professionals to start with, specializing in different aspects of the industry such as engineers, chartered accountants, masters of business administration, architects, etc, looking in one direction.
Paarth Infrabuild Pvt. Ltd. look forward to begin the endeavors from the state of Uttar Pradesh and planning across the cities like Lucknow, Allahabad, Varanasi, Noida, Kanpur, Greater Noida, and Ghaziabad and gradually expand throughout the entire North India.
Source: economictimes
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