News articles tagged Parsvnath Developers

How the dream of “Affordable Homes” turned into a nightmare!

Parsvnath Developers sentenced to prison for delayed refunds to homebuyers, highlighting the issue of pending apartments in Greater Noida. Over 1 lakh apartments remain undelivered, with builders owing GNIDA ₹6,000 crore.

Parsvnath to develop township at Sohna road

Parsvnath Developers to invest ₹1,100cr in Gurgaon-Sohna road township, aiming ₹2,700cr revenue in 4 years.

Assotech and Sunapollo to Build Rs 500cr Housing Project in Gurgaon

Assotech and Sun-Apollo announce a Rs 500 crore housing project in Gurgaon, located on Dwarka Expressway, with the development of apartments and villas.

Sahara, ICICI, Bhushan Steel in race to buy Parsvnath's Connaught Place land.

Parsvnath Developers is selling its prime 1.18-acre land near Connaught Place, with potential buyers including Sahara Group and ICICI Bank aiming for a deal worth Rs 700 crore.

ICICI Bank and Sahara eye Parsvnath's prime land in Delhi.

Parsvnath Developers is in talks with Sahara Group and ICICI Bank to sell its 1.18-acre plot near Connaught Place, aiming to reduce its Rs 1,300 crore debt.

JP Morgan has Capitalized into Parsvnath Developer’s Residential Project

JP Morgan has financed $30 million for Parsvnath Developer’s La Tropicana residential project in New Delhi, allowing Red Fort Capital to exit with a 30% return.

Realty Promises a more Cautious 2010

Indian developers prioritize feasibility studies and strategic alliances to avoid repeating 2009 real estate downturn. Focus on buyer-oriented projects rather than speculative ventures.

Realty developers to meet RBI Governor for more packages

CREDAI to meet RBI Governor, seeking lower interest rates and debt restructuring for struggling real estate sector.

Realty cos fight shy of price cuts

Indian real estate companies resist government pressure to lower prices, citing high taxes and low demand. Developers believe reducing interest rates is key to reviving the market.

Realtors shift focus to budget housing

Real estate sector faces slump due to high interest rates and economic slowdown, forcing developers to focus on affordable housing in Tier-II and Tier-III cities.

Parsvnath postpones its retail forays

Parsvnath Developers postpones retail expansion due to economic slowdown, but SEZ stake sale to private equity investors nears finalization.

Real Estate sector is in dire straits

The real estate sector faces a crisis due to tight liquidity and rising interest rates, impacting construction and employment. Industry leaders urge for policy changes to facilitate funding.

Parsvnath says festival sales down by half

Parsvnath Developers' Diwali sales dropped 40-50% due to high interest rates and lending restrictions. Despite this, the company plans to maintain prices, focusing on cost reduction by cutting salaries and expediting projects.

Developers are offering property discount

Indian property developers are offering massive discounts as the global finance crisis impacts the market. The incentives include free parking, fee exemptions, and paid stamps and registration costs.

Parsvnath Expects Rs 2.10 Billion Revenue From Haryana Project

Parsvnath Developers expects to generate Rs. 2.10 billion from a new housing project in Dharuhera, Haryana, set for completion by 2011.

Realtor Looking For Overseas Offices

As Indian property firms seek growth in international markets, they are establishing offices abroad to tap into new business opportunities amid a domestic slowdown.

Parsvnath To Go Slow On Land Buys

Parsvnath Developers plans to invest up to Rs 500 crore for land acquisitions in FY 2009, focusing on integrated townships. The realtor added 66 acres of land in the latest quarter and has completed land acquisition for 8 SEZ sites. Parsvnath is also in advanced talks to sell stake in its SEZ projects and plans to build hotels and open retail stores during the current fiscal.