Tag: Parsvnath Developers

Assotech and Sunapollo to Build a Housing Project in Gurgaon worth Rs500cr

Real estate Company Assotech and private equity firm Sun-Apollo Friday announced the development of a housing project in Gurgaon at an investment of about Rs 500 crore over the next three years. Sun-Apollo Real Estate Advisors has invested Rs 75 crore to pick up nearly 50 percent stake in Assotech’s subsidiary firm which would develop […]

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

Sahara Group, ICICI Bank, Bhushan Steel, Bharti Realty, Red Fort Capital and Shri Lal Mahal are understood to be in the race among others to acquire Parsvnath Developers’ 1.18 acre of prime commercial land near Connaught Place in the National Capital. In January, Parsvnath had announced plans to monetise the KG Marg land, which it had bought […]

Sahara and ICICI Bank want to buy Parsvnath’s prime land in Delhi.

Real estate major Parsvnath Developers may soon be able to reduce a significant chunk of its debt, thanks to certain corporate giants showing interest in buying a prime piece of property it owns in the national capital. The Sahara Group is engaged in discussions with Parsvnath to buy its commercial land near Connaught Place in […]

Kotak Realty invests 120 crore with Parsvnath Developers.

Parsvnath Developers is raising Rs 120 crore from Kotak Realty Fund for a new 100-acre integrated township project on Sohna Road in Gurgaon. Kotak Realty fund will get a 20% stake in the special purpose vehicle that will develop the yet unnamed project. Parsvnath Developers has sold stakes in many of its residential and office projects to private equity funds […]

Real Estate sector is in dire straits

The tight liquidity condition and the rise in interest rates have affected realty sector hard. Because of the RBI’s policy of discouraging banks in lending to real estate developers, the fund flow to the sector has dwindled. This might even force a number of units to close down. The construction sector, which is the second […]

Developers are offering property discount

Property developers in India are offering massive discounts as the markets suffer from the global finance crisis. There are offers everywhere. Posters declare – discount bonanza – and the deeper you delve the better the bargain. Offers include free covered parking spaces, exemptions from preferential location charges, discounts on the rate per square feet of […]

Hotmail Allies With Parsvnath

The famed Nano City project of Hotmail man Sabeer Bhatia, is all set to get a partner soon and that will be realtor Parsvnath Developers. As Sabeer arrives in India on July 10, final decisions will be taken about handing over 30-38% equity stake in the project to Parsvnath Developers. A senior official of Nanocity […]

Realty Is Facing A Major Cash Crunch

Land prices in the national capital region (NCR), Mumbai suburbs, Bangalore and Hyderabad have corrected by up to 25% as property developers slow down their land purchases. Poor sales and lower availability of credit at higher cost have prompted property developers to end the mad rush to acquire land. Some of the developers have even […]

Parsvnath Launches Commercial Mall Project In Jamnagar

Realty major Parsvnath Developers said it has launched its first integrated commercial mall project at a cost of Rs 120 crore in Jamnagar, Gujarat. Parsvnath Developers launched its first integrated group housing and commercial mall project in Jamnagar, which is being developed on total land area of 13,200 square meter with an expected realization value […]