The Reserve Bank of India’s 0.25 per cent rate cut is not enough to revive economic growth and much on the interest rate cycle will depend on external factors such as the monsoon and on global factors, say India Inc leaders. “This is not enough. Trade and industry were expecting a higher rate cut to […]
A favorable tax regime has been announced on Real Estate Investment Trusts (Reits) which has led realtors to cheer. Big realtors like Parsvanth, DLF and Omax are optimistic about this reform but the analysts doubt that only rich institutional investors will benefit from this. It is difficult for retail investors to benefit due to the […]
Mumbai: Waking up at the last moment, over 250 companies including Adani Power, Adani Ports, Essar Oil and GVK Power on Tuesday appointed women directors to meet the Sebi deadline of midnight tonight for having at least one female member on their boards. The companies have, however, mostly appointed wives or daugthers of their promoters […]
Real Estate firm Parsvnath today said it has raised Rs 355 crore through private placement of debentures. In a regulatory filing, Parsvnath Developers said it has allotted unlisted, secured, redeemable, non-convertible debentures having face value of Rs 5 lakh each aggregating to Rs 355 crore on private placement basis on March 30. Sources said that […]
Parsvnath Developers hopes to get a realisation of Rs1,000 crore from the ‘The Parsvnath 27’ a commercial project in K G Marg in the heart of New Delhi. The company has started the construction of the project and plans to finish it in the next 18 months. The 1.2 acre project will offer the spaces […]
Cash-strapped real estate developer Parsvnath Developers is planning to raise Rs 200 crore by selling stakes in its projects to private equity investors, said an executive close to the development. The company is in talks with leading PE funds such as Red Fort Capital and SUN-Apollo for the same, the executive said. According to the […]
In yet another milestone for Indian Real Estate Industry and Indian Entrepreneurs, Mr. Pradeep Jain, Chairman, Parsvnath Developers Limited has been inducted in the New York City Financial Services Advisory Committee of NEW YORK CITY ECONOMIC DEVELOPMENT CORPORATION (NYCEDC). NYCEDC formed this Advisory Committee to foster dialogue between senior private sector leaders and the Bloomberg […]
Realty firm Parsvnath Developers today said it will invest Rs 7,000 crore in the next five years in construction of its ongoing projects. The company also plans to raise up to Rs 300 crore through private equity by March-end. “We are currently developing 57 projects, with over 80 million sq ft of area, across the […]
