Parsvnath Developers plans to list 2.5M sqft of shopping malls as REIT, awaiting SEBI & Govt. guidelines, to raise capital and reduce debt.
A prosecution witness in the 2G spectrum case testified that real estate firms were not barred from applying for UAS licenses, and Parsvnath Developers' application was rejected.
Parsvnath Developers eyes stake dilution to control debt amidst rising interest rates, reports 16% drop in Q1 net profit.
Real estate companies are increasingly investing in hospitality projects due to a perceived oversupply in residential and commercial markets. Driven by rising room rates and limited supply, developers view hospitality as a stable income source.
Parsvnath Preston in Sonepat offers luxurious living with 3-tier security, modern amenities, and proximity to North Delhi.