Parsvnath Developers Ltd announced the launch of a group housing project, Parsvnath Pratishtha, at Pimpri Chinchwad, Pune. "Presence of educational institutes, universities, IT and major automobile companies has resulted in an influx of population Pune. This increase in population has lead to burgeoning demand for qualitative residential properties in close vicinity of their work places," ,” said Mr. Pradeep Jain, Chairman, Parsvnath Developers. The project, Parsvnath Pratishtha is spread over 11, 000 sq mt area and built up area of 1.23 lakh sq ft. It is scheduled to be completed by 2010.