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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. |