Parsvnath Developers Partners Akshaya Signature Homes for Chennai Project

Delhi NCR realty firm Parsvnath Developers has entered into an agreement with Akshaya Signature Homes to develop a housing project on an eight-acre land parcel in Chennai. The company has entered into a Joint Development Agreement (JDA) with Akshaya Signature Homes Pvt Ltd for the development of a residential plotted colony on land admeasuring 7.90 acres. The company acquired this land from Sumeru Soft Pvt Ltd on November 2, 2021. The revenue generated from the sale of the saleable plots in the project shall be shared between Parsvnath and Akshaya Signature Homes in the ratio of 55:45.