There are few parallels in the annals of the Indian real estate and construction industry that emulate the success trail blazed by Parsvnath Developers Limited. Over the past two decades, our company has emerged as one of the most progressive and multi-faceted real estate and construction entities in the country. Through the years, we at Parsvnath have stayed true to our commitment to `building a better world’ by transforming barren tracts into landscaped green belts housing world class commercial, residential and recreational properties.
Parsvnath is a company whose business philosophy lies in the commitment to creating architectural marvels using state-of-the-art technology and global architectural, construction and business practices. We are passionate about providing cost-effective and holistic solutions for our customers while creating and adding value for our partners and stakeholders. Our unwavering focus on these factors catapulted Parsvnath Developers Limited into the top echelons of the Indian Real Estate and Construction Industry in 2007.
With a pan-India presence in over 44 cities in 15 states, we are steadfastly focused on continuing to create and build dreamscapes that transform lives and the world around us – be it through contemporary residential spaces, state-of-the-art office complexes, affordable housing, luxurious, shopping malls and hypermarkets, posh hotels, futuristic multiplexes, and ultra modern IT Parks and special economic zones.
Parsvnath is committed to making a difference.
We have presence in following cities:
Dharuhera, Faridabad, Gurgaon, Rohtak, Kurukshetra, Sonepat, Panchkula, Karnal, Panipat
Jammu & Kashmir
Pune, Shirdi, Nanded
Derabassi, Mohali, Rajpura, Amritsar, Chandigarh
Bhiwadi, Jodhpur, Jaipur
Greater Noida, Ghaziabad, Mohan Nagar, Lucknow, Agra, Moradabad, Saharanpur, Sahibabad, Khekhra, Raebareli
Vision of a better world
Our vision statement can be encapsulated in our corporate philosophy and motto of `building a better world’. To envision, design and construct the most magnificent landmarks and edifices; to contribute tangibly in regional and national development by way of key infrastructure projects, and to protect and preserve the environment we live in.
At the end of the day, our vision is about making the world a better place to live in; to transform and uplift quality of living and lifestyles of each and every individual that comes in contact with us.
Committed to build a better world
· To cater to the real needs of a growing population
· To set standards and improve our environment
· Offer a wide portfolio of international quality products that cater to different markets and segments
· To deliver value for money and excellent investment returns
· Take customer relationships and customer satisfaction to new levels
· To focus on strategic growth
· Evolve contemporary benchmarks in construction and marketing practices
o December 2010: Parsvnath Developers Limited (PDL) inked an agreement with leading international real estate private equity fund J.P. Morgan to invest Rs. 1150 mn. for subscribing 22% stake in its 16.84 acres, premium luxury residential project “Parsvnath La Tropicana” in Khyberpass, Civil Lines, Delhi.
Parsvnath Landmark Developers Pvt. Ltd, (PLDPL) a wholly owned subsidiary of Parsvnath Developers Ltd is executing this project. The construction of the project has been commenced after receiving all requisite approvals and sanctions. In addition to above, J.P. Morgan Advisors India Pvt. Limited also entered into an Loan agreement with PLDPL for the same Project amounting to Rs.1400 mn.
o December 2010: PDL has enter into an another agreement with Sun Apollo, whereby they have agreed to invest Rs. 1000 million for subscribing 49.9% equity interest in PDL Exotica, Arthala, Ghaziabad. The project will be executed through Parsvnath Buildwell Pvt. Ltd. under SPV level. The construction of the project has been commenced after receiving all requisite approvals and sanctions.
o September 2010: Parsvnath Developers Ltd. has entered into an agreement with Red Fort Capital, whereby they agreed to invest Rs. 1385 million for subscribing 24.5% equity interest in Redfort Parsvnath Tower, Bhai Veer Singh Marg, New Delhi. The construction of the project has been commenced after receiving all requisite approvals and sanctions.
o December 2009: Inked an agreement with leading international real estate private equity fund SUN-Apollo, an international real estate private equity fund, for an investment in its premium luxury residential project Parsvnath Exotica Part-II, Gurgaon. SUN-Apollo has agreed to invest Rs 750 million for a 49.9% stake in the project SPV which will develop Parsvnath Exotica Part – II, Gurgaon.
o July 2008: Parsvnath Developers Limited announced an association with Mr. Sabeer Bhatia and HSIIDC jointly promoted Nanocity Haryana Infrastructure Limited to develop a Knowledge City spread over an area of 11,000 acres in Panchkula near Chandigarh. The city named as “Parsvnath Nano city” is envisaged to sustain modern lifestyle and will have world-class infrastructure. It is a public-private partnership project, in which Haryana Government through HSIIDC will have 10% equity stake, Parsvnath Developers Limited will have 38% equity stake and the remaining 52% will be with Sabeer Bhatia promoted group.
o May 2008: Parsvnath Retail Limited envisaged the impact of globalization and high standard of living of people and thus decided to bring forward the concept of Luxury mall in the heart of the city – Connaught Place. The Company strategically identified a plot situated at 27, Kasturba Gandhi Marg through a subsidiary “Primetime Realtors Pvt. Ltd.” to build luxury shopping and state-of-the-art offices.
The first of its kind mall will offer a mix of fashion, lifestyle and entertainment. The luxury mall will showcase host of selected major international and Indian luxury brands, across categories.
o April 2008: Strategic Tie up - for First FDI worth INR 186 crore in Parsvnath Project. Parsvnath tied up with two Saffron Group funds for its first Mumbai project for the development of BEST bus depot near the Bandra Kurla Complex in Mumbai on April 17, 2008 on 30, 820 square metres of land area in Kurla, Mumbai, situated on L.B.S. Road on East side, S. G. Barve Marg on North side at Kurla (West).
o April 2008: "Foundation Laying of star rated project - Parsvnath PRIDEASIA" at Chandigarh on April 5, 2008, by his Excellency Gen. (Retd.) S.F. Rodrigues, PVSM, VSM, Governor of Punjab & Administrator UT along with Mr. Pradeep Jain - Chairman Parsvnath Developers Ltd., Mr Mohan Jeet Singh IAS - Chairman Chandigarh Housing Board and dignitaries of Chandigarh at its site at Rajiv Gandhi Technology Park Chandigarh.
o February 2008: Announced JV of Parsvnath Hotels Ltd (PHL) and Royal Orchid Hotels Limited (ROHL) under the name of “Parsvnath Royal Orchid Hotels” to develop 10 projects. PHL own & develop these projects with JV Company to operate.
o February 2008: Announced JV of Parsvnath Hotels Ltd (PHL), a subsidiary of Parsvnath Developers Ltd with Fortune Park Hotels Ltd (FPHL), a wholly owned subsidiary of ITC Ltd to develop 50 Projects.
o December 2007: Incorporated subsidiary company “Parsvnath Assets Ltd.”
o November 2007: Incorporated subsidiary companies “Parsvnath Retail Ltd.”, Parsvnath Developers Pte Ltd” for Singapore, “Parsvnath Hotels Ltd.”
o October 2007: Announced tie up with Al-Hassan Group of Industries, Oman, Muscat to undertake the offshore real estate development.
o September 2007: Launched 1st of its kind most premium project “Parsvnath PRIDEASIA” in Rajiv Gandhi Chandigarh Technology Park
o August 2007: Parsvnath Developers Ltd. incorporated Parsvnath Telecom Ltd. and was the first real estate company to gauge the business opportunity and planned to diversify its business portfolio and went ahead to apply for Telecom license for 22 circles.
o November 2006: Came out with an IPO clearly witnessing a strong and healthy investor’s response. The issue was oversubscribed by more than 55 times.
o August 2006 Received integrated management system certification comprising of ISO 9001:2000, ISO 14001:2004 and OHSAS 18001:1999 certification from RINA in relation to design, development, construction and marketing of infrastructures.
o June 2006- November 2006 Received formal approval of the GOI for the development of four SEZ projects and in principle approval in relation to the development of seven SEZ projects
o June 2006 Our bid for the development of an integrated facility at Rajiv Gandhi Chandigarh Technology Park on 500,960.80 sq. mts. of land was accepted by the Chandigarh Housing Board subsequent to which the Company has entered into a development agreement and lease deed with the Chandigarh Housing Board.
o January 2006 – August 2006 Secured acceptance of bid from the DMRC for 2 property development projects in Delhi (Metro Stations at Azadpur & Common wealth village site near Akshardham).
o 2005 “Parsvnath Exotica” Gurgaon: Launched the first of its kind mega and prestigious project.
o 2004 – 2006 Secured ten concessions from the DMRC for the development of malls at metro stations.
o December 2005 Received certificate from the ICL certifying compliance with the Environment Management System Standard ISO 14001.
o September 2005 Received upgraded rating DR2- ICRA-NAREDCO rating from ICRA Limited indicating strong project development capacity.
o November 2002 Received ISO 9001:2000 rating from the International certifications Limited (“ICL”) in relation to the development, construction and marketing of infrastructures.
o March 2002 Received DR3 ICRA-NAREDCO rating from ICRA Limited indicating moderate project development capacity. Parsvnath Developers Limited was the first real estate developer whose grading was published under by ICRA-NAREDCO.
o October 2000 Our Flagship housing project “Parsvnath Estate” in Greater Noida was launched which had 277 dwelling units in addition to 20 shops with a total built up area of about 4 Lac sq. ft.
o 1998 Launched a commercial project “Parsvnath Plaza” in Saharanpur with a saleable area of 1, 20, 000 sq. ft.
o 1994 Launched 1st large commercial (Shopping Mall) project in Moradabad, Parsvnath Plaza – I, which was completed in three years and handed over units during December, 1997.
o July 1990 Parsvnath Developers Limited was incorporated.
o May 1984: With no capital in hand Mr. Jain migrated to Delhi and started as a broker for property selling of some established names. He also learnt and assisted these companies in assembling land parcels. Having understood the finer norms of housing business Mr. Jain started Parasnath and Associates Pvt. Ltd.
Parsvnath Developers Ltd.
6th Floor, Arunachal Building
19, Barakhamba Road,
New Delhi – 110 001
Ph.: +91-11-43686600/ 43684800
Parsvnath Developers Ltd.
Parsvnath Metro Tower,
Near Shahdara Metro Station,
Shahdara, Delhi – 110032
Ph. : +91-11-43050100 / 43010500