Parsvnath gets 4,750 sq m land for Rs.15-Cr in Greater Noida after dispute settlement

Realty firm Parsvnath Developers has acquired 4,751 square metres of commercial plot in Greater Noida for nearly INR 14.8 crore after settlement of its dispute with the development authority. In a tender process held in 2007, the company was allotted over 18,000 sq m of plot on a 90-year lease by the Greater Noida Industrial Development Authority in Uttar Pradesh. But the lease deed could not get registered under the company name. The matter was under dispute. Now, it has settled the issue and got 4,751 sq m land against the amount.