Parsvnath gets notification for Gurgaon SEZ

Parsvnath Developers has received the final notification from the central government for the special economic zone (SEZ) at Gurgaon, Haryana.

According to a release issued by the company to the BSE today, the notification has been received in the name of a subsidiary Parsvnath SEZ.

The company now has two notified SEZs for IT/ITeS sectors at Indore and Gurgaon.

"The Gurgaon SEZ, spread over 105 acre, 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 also has three formally approved SEZs at Dehradun, Kochi and Hyderabad with total developable area of 11.70 million sq.ft," the release added.