Parsvnath Developers
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 [...] Continue Reading »
The realty builder Parsvnath Developers planned to sell its commercial land in Connaught Place, New Delhi. The Sahara group and the ICICI are the major contenders for the land. It’s a 1.18 acre land at kasturba Gandhi Marg. Parsvnath Builders were bought the land in 2008, and planned to construct a retail cum office complex [...] Continue Reading »
Kotak realty fund planned to invest in a 100 acre integrated township project in Gurgaon by Parsvnath Developers. The township will consist of residential apartments along with commercial and retail constructions. In past Parsvnath developers sold stakes of its residential projects to private equity funds like JP Morgan, La Tropicana. The proposed township location is [...] Continue Reading »
How annoyed would be the property buyers when they were promised to get their houses within two years from the time of booking. Similar is the case in the national capital region Delhi NCR. One of the residential projects commenced during year 2005-06 has not yet been completed which was supposed to be handed over [...] Continue Reading »
Parsvnath Developers, a known name in the realty market is to raise Rs 700-800 crore to clear its debt which stands at around Rs 1,200 crore. The group will sell its 1.2-acre Kasturba Gandhi Marg plot located near Connaught Place. The property consists of a bungalow and has been termed as commercial space which will [...] Continue Reading »
Hats off to real estate companies in India! Midst falling share prices and challenging business environment, real estate promoters still hold three percent of share in realty market. Shareholding has witnessed a continuous raise from 67.66 per cent to 70.16 per cent since march. This data was collected by entities like; Nitesh Estates, Peninsula Land, [...] Continue Reading »
Pradeep Jain the Chairman of the Confederation of Real Estate Developers’ Association of India (CREDAI) and chairman of Parsvnath Developers reported saying that they were not expecting in sales during the festive season. However the good buying in the festive season is the main mantra, but these rate increases have resulted in the cost of funds [...] Continue Reading »
