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Parsvnath Developers Limited

Parsvnath Developers
Parsvnath Developers Limited is one of the leading real estate companies in India. The company has a diverse business portfolio of commercial complexes, shopping malls, integrated townships and group housing. With its experience in the field of real estates for more than two decades, Parsvnath Developers promises to offer state-of-the-art development and construction of any project that it undertakes. It has become the first real estate company to achieve a NAREDCO-ICRA DR 2- rating. Parsvnath Developers Limited is also the first real estate developer to be certified to Integrated Management Systems (IMS) comprising of ISO 9001:2000, ISO 14001:2004 and OHSAS 18001:1999 certification by the Italy-based, Global Certification Organization, RINA group. Go through the article to get complete information on the profile of Parsvnath Developers Limited.

Business Areas
Currently, Parsvnath Developers has marked its presence in 50 cities and 17 states in India. It boasts of being one of the most widespread real estate developers in India. Besides strengthening its position in core operations of real estate, the company is striving to expand its product offerings, by catering to emerging markets and segments. As per the expansion drive, Parsvnath Group is planning to foray into info tech, departmental stores, amusement parks, exports and imports. Read the article and get complete information on the profile of Parsvnath Developers Ltd.

Major Projects
At present, Parsvnath Developer's ongoing 100 projects include integrated townships, group housing, shopping malls, it parks, commercial complexes, hotels and SEZ projects across all industry verticals in India. The projects are estimated to cover over 200 million square feet across all real estate verticals of India. In an effort to take advantage of the sweeping retail boom in the country, Parsvnath Developers have forged an innovative alliance with the Delhi Metro Rail Corporation to construct malls along the metro tracks. The B.O.T arrangement with the DMRC envisages construction of five malls along the railway tracks - in areas that are essentially inhabited by the economically weaker sections of society.

New Ventures
Recently, Parsvnath Developers has managed to get a contract from DMRC, for the construction of a residential accommodation project at Mundka Depot for Phase II of Delhi MRTS project. In June 2009, Parsvnath Developers signed an agreement with a renowned real estate private equity fund called 'Red Fort Capital', to make investment for its premium residential project in Khyberpass, Civil Lines, in Delhi. Parsvath Developer's new venture is Parsvnath La Tropicana, a luxury residential project that is spread over an area of 16.84 acres. The project is executed by Parsvnath Landmark Developers Pvt. Ltd, (PLDPL), a fully-owned subsidiary of Parsvath Developer's Limited. Since PLDPL has received the building plan clearance from the Municipal Corporation of Delhi (MCD), the project will be commenced shortly.

Note: Last updated on July 10,2009.