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Parsvnath Privilege, Group Housing Corrossia Estate, P-i, Greater Noida INFORMATION MEMORANDUM FIN/Jan’2024/VER.02
Parsvnath Developers Ltd Real Estate Developers with over two decades of execute excellence One of India’s leading Real Estate Developers, with pan India presence across 37 cities in 13 states . Parsvnath Developers Limited has a diversified portfolio as Key Business Segments are; Residential across the spectrum, (Integrated Townships, Group Housing) Commercial Complexes – Office & Retail, Shopping Malls DMRC Projects (Delhi Metro Rail Corp) Hotels Special Economics Zone (SEZs) IT Parks 3rd Party Contracting
PROJECT PRESENTATION Moving towards completing Projects & Meeting commitments
Privilege Greater Noida
Land Area : 10.00 Hectares (24.73 Acres) Location: Corrossia Estate, P-i, Greater Noida Saleable Area (Present) : 17,87,344 sq . ft. (Residential Unit – 17,77,090 sq.ft , and Commercial – 10,254 sq.ft ) Saleable Area (Extension- Increasing of FSI 1.5 to 3.95) : 55,32,600 sq . ft. Development envisaged : Group Housing No . of Towers (At Present): 20 (Total Flats 958 ) No. of Towers (At Extension): 1 & on Existing tower(s)- (Total Flats –Depends on Size) BHK Details : 2/3 BHK About the Project
HIGHLIGHTS Located at Prime sector Pi, Greater Noida In front of Metro Station A Minute away from City Park & Cricket stadium Formula racing track in Vicinity Golf course nearby Near to upcoming Jewar Airport Neo-rich neighborhood of elite Nearby Academic institutions Nearby Health care facilities Under Ground parking Piped gas supply
LOCATION MAP
INTERNET LOCATION MAP Parsvnath Privilege Parsvnath Privilege, Pi I & II, Pi I & Ii, Greater Noida, Uttar Pradesh 201310
About the Project (Area- Details) Residential / Group Housing project land at Corrossia Estate, P- i , Greater Noida Name of Project : Parsvnath Privilege , Location of the project: Residential / Group Housing project land at Corrossia Estate, P- i , Greater Noida Land Type & Usage Group Housing / Residential Land Area 24.73 Acres or 10,77,428 Sqft FSI (Existing) 1.5 FAR Area (Existing) 16,16,142 Sqft No. Of Towers (Existing) 20 Total Leasable / Saleable Area (Existing) 17,87,344 Sqft . FSI ( From 1.5 to 3.95 )- allowable upto 3.75 + Green Building Additional 5% (3.75+0.20) 2.45 FAR Area (Additional)- approx. 42,45,840Sqft No. of Towers 1 New + Few additional floors on Existing 20 towers Total Saleable Area (1.30 times )- approx. 55,32,600 Sqft Now as per New Guidelines-Plan
Status of Sold & Unsold Area – (Saleable Area) S.No. Project Status Sold Area (Sqft) Unsold Area (Sqft) Total Area (Sqft) 1 Current FSI (1.5) 11,51,955 6,35,389 17,87,344 2 Additional FSI (1.5 to 3.95) - 37,45,256 37,45,256 3 TOTAL 11,51,955 43,80,645 55,32,600 Parsvnath – Privilege Project
Business - Estimate Residential / Group Housing project land at Corrossia Estate, P-i, Greater Noida Total Saleable Area - approx. 55,32,600 Sqft Area Sold to Existing Customers 11,51,955 Sqft Cancellation of Existing Customers (80%) 921,564 Sqft Retaining of Existing Customer (20%) 230,391 Sqft . Total Saleable Area -approx. 55,32,600 Sqft PDL share 40% Area 22,13,040 Sqft Area Allotted to Existing Customer 230,391 Sqft Area Available for sale 19,82,649Sqft Average Rate Expected @ Rs per Sqft Rs . 7500 Sqft Expected Total Realization Rs .1487 Crs Less: Amount Refunded towards cancellation of Existing Customers (80%) (Principal + Interest)(165+82) Rs 247 Crs Less : balance cost towards land to GNIDA Authority –Approx. Rs 64 Crs Net inflow expected to PDL (1487-247-64) Rs 1176 Crs We are considering a JV model , where we expect 40% of Area / revenue share and all cost of Authorities / construction will be spent & beared by JV partner.