Parsvnath Developers will sale lands in NCR to reduce debt
No Comments Sub Category:Delhi-NCR,Realty News,Residential Real Estate Posted On: Apr 17, 2012
The Parsvnath Developers plans to reduce its debt by selling some of its land parcels. Currently the firm has recorded a debt amount of Rs. 1250 crore.
The main aim of the firm is to reduce the debt amount in the next 15 month.
in the first step of the process, the firm planned to sell the 1.18 acre CBD land area (KG Marg) in Delhi.
Jones Lang LaSalle (JLL) has taken the responsibility of selling the land.
With the sell of the land in the prime location in Delhi, the real estate in Delhi will witness some good properties to coming up in the area.
More related stories:
DLF on plans to sell Noida plots to Bharti Realty
Source : Money Control
