Parsvnath Developers
Parsvnath Developers Limited (PDL), one of India’s leading Real Estate and Infrastructure Development Companies launches “Parsvnath Aakanksha” in a fully functional, integrated township ‘Parsvnath City’ in Jodhpur, the heart of Rajasthan. Spread over 120 acres, Parsvnath Akanksha offers 2 & 3 BHK low rise floors at an affordable price ranging from the down payment cost [...] Continue Reading »
Mr Ashok Chawla, CCI or Competition Commission of India Chairman recently gave a statement saying that not all real estate sector problems can be solved by CCI and asked for a sector specific regulator. He further stated that CCI can play a role only when the entity in question is highly dominant and abusing its [...] Continue Reading »
Realty firm Parsvnath Developers has sold 140-acre land at Sohna, Gurgaon, to Supertech Ltd for Rs 665 crore as part of plans to divest non-core assets to cut debt and complete ongoing projects. With this deal, Kotak Realty Fund has exited this township project. It had invested Rs 110 crore in the project in 2012. [...] Continue Reading »
Real estate firm Parsvnath Developers is apparently mulling plans to raise an amount of up to Rs. 1,000 crore via private placement of non-convertible debentures (NCDs). In addition, the company is also considering the sale of its non-core assets, so as to reduce an approximately Rs. 1,200-crore debt. In an attempt to seek the approval of the [...] Continue Reading »
One of India’s leading realty and infrastructure developer group, Parsvnath Developers Ltd., has recently revealed in its FY15 first-quarter earnings report that the company’s consolidated revenue during the April-June 2014 quarter stood at Rs 96 crore. According to the figures shared by Parsvnath Developers, the company’s profit before tax for Q1FY15 was at Rs 12 [...] Continue Reading »
Realty firm Parsvnath Developers are contemplating about raising funds for their two commercial projects in the national capital via the FDI route. Ever since real estate got a green signal to raise funds via FDI (Foreign Direct Investment) which was declared in the current budget, many developers have breathed a sigh of relief. At an investment [...] Continue Reading »
Parsvnath Developer’s chairman Pradeep Jain has got a strategy to raise funds for his company by either selling the land parcels of Rs 1,000 crore in South and West India or form joint ventures with local builders for development. They are looking for bidders for the land parcels they own in southern and western part [...] Continue Reading »
Indian Railways has come up with a new plan to generate revenues. Next financial year, the agency employing the largest number of people in Asia, plans to generate about Rs 5,000 crore by monetizing its land reserves. This Rail Land Development Authority (RLDA) led initiative involves five projects across the country. So far, in this financial year, RLDA [...] Continue Reading »
The Competition Commission of India (CCI), is putting around 70 real estate developers in the country under scanner. The developers include big players like Unitech, Parsvnath Developers and Omaxe and several big builders in Mumbai. All these developers’ action for entering into one-sided agreements with buyers and for allegedly colluding with each other have been [...] Continue Reading »
The real estate developers in India are concentrating more on the execution and completion of the older under construction projects in India. The real estate market is struggling to come out of the situation as project delay is a major concern for the investors as well as for the home buyers. It is reported that [...] Continue Reading »
