Metro Cash & Carry opens its second outlet in #Delhi at Parsvnath Mall in Seelampur Metro Station

New Delhi, 16 October, 2015: Parsvnath Developers Limited, one of India’s leading Real Estate and Infrastructure Development Companies is proud to announce that Metro Cash & Carry has opened its second outlet in Delhi at Parsvnath Mall in Seelampur.

Parsvnath is working on 14 metro malls with DMRC on BOT basis and out of these 11 metro malls have already been completed. Given the proximity to the metro stations, Parsvnath Malls have been considered as the preferred options for big retailers and wholesalers. Spread over an area of 65,000 sq. ft. in particular has been eyed by international wholesaler Metro Cash & Carry at Parsvnath Mall, Seelampur Metro Station.

Commenting on the development, Mr. Pradeep Jain, Chairman, Parsvnath Developers Limited said, “The Indian retail industry driven by income growth, urbanization and attitudinal shifts has emerged as one of the most dynamic and fast-paced industries today. The overall retail market, especially the modern trade is expected to grow at an accelerated pace and this has caught the fancy of international retailers who are expanding footprints in India at strategic locations.”

“We are confident that Metro Cash & Carry Store at Parsvnath Mall strategically located at Seelampur metro station would attract heavy footfalls and would emerge as the preferred wholesale retail outlet of Delhi.” Mr. Jain added

Overview of Parsvnath Developers Limited:-

Parsvnath Developers Limited (PDL), one of India’s leading real estate and infrastructure development companies, having a rich experience of more than 25 years has Pan India presence spread across 42 cities and 15 states. The Company’s diversified business portfolio comprises of Residential, Commercial (Office and Retail), DMRC projects, Hotels, SEZs, IT Parks and Third Party Construction.

PDL has to its credit several architectural marvels where it has successfully transformed simple barren tracts of land into beautiful spaces, both residential and commercial. It is the first real estate company in India to have integrated the ISO 9001, 14001 and OHSAS 18001 Certification processes.

The Company has till date completed 55 projects, measuring 24.75 mn. sq. ft of developed area. Currently, 48 projects are under construction which on completion will deliver 69.76 mn. sq. ft. of developed area. The Company has a large land bank that stands at 143.05 mn. sq. ft.

More information about the company is available on www.parsvnath.com