Posted by:  saggu on ( 30-Apr-08 15:55 ) | | | Price : BSE: Rs 232.00 ( -0.54 % ), NSE: Rs. 231.85 ( -0.51 % ) | New Delhi-based real estate developer, Parsvnath Developers, plans to develop a mixed-use project, Parsvnath Planet Plaza, in Lucknow. The entire project is expected to incur an approximate cost of Rs 120 crore.
The project will include a mall with hotel complex, food court and shopping zone, informs Deepak Mowar, Vice President - Hotels, Parsvnath Developers. The company will develop a 110 room, four star deluxe property as a part of the mixed use project. The hotel will be developed under the Fortune Park brand and will house two restaurants, which includes a coffee shop and a speciality restaurant. It will provide conferencing facilities, which accommodate approximately 100 persons.
Construction on the property will begin 30 April 2008 and it is expected to be operational by end 2010. The property aims to target business clientele. About the hotel’s construction and design, Mowar states, “The hotel designs are brand specific and Fortune Park Hotels Limited will play a key role in the interior designing, in order to meet product needs.”
The group will also develop properties at Mohali and Dehradun under the Fortune Park brand. Te property in Mohali is under construction and is expected to be operational by mid 2009, while the property in Dehradun is slated to be ready by 2010.
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