Parsvnath Developers, the Delhi-based realtor, plans to invest up to Rs 500 crore for land acquisitions in fiscal 2009. However, it will not be aggressive in ramping up its land bank and would acquire land for its projects.
In its latest quarter, the BSE-listed Parsvnath added 66 acres of land.
Pradeep Jain, chairman at Parsvnath, said the [...]
By Rajani
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Posted in Property News
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Also tagged Accruals, Convenience Stores, Formal Announcement, Four Star Hotels, Hotels In Shirdi, Hypermarkets, India Real Estate, Kochi, Land Acquisition, Land Acquisitions, Mohali, Mysore, Private Equity Funds, Sezs, Special Economic Zone
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Parsvnath Developers, the Delhi-based realtor, plans to invest up to Rs 500 crore for land acquisitions in fiscal 2009. However, it will not be aggressive in ramping up its land bank and would acquire land for its projects.
In its latest quarter, the BSE-listed Parsvnath added 66 acres of land.
Pradeep Jain, chairman at Parsvnath, said the [...]
By manish
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Posted in Property News
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Also tagged Convenience Stores, Foray, Formal Announcement, Four Star Hotels, Hotels In Shirdi, Hypermarkets, India Real Estate, Kochi, Mohali, Mysore, Private Equity Funds, Sezs, Special Economic Zone
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Real estate developer Parsvnath on 15th July tied up with Sabeer Bhatia, co-founder of Hotmail, to develop a Rs 50,000-crore knowledge city project in Haryana.
The Parsvnath Nano City project would come up in Panchkula near Chandigarh. The realty firm would invest about Rs 400 crore in the form of equity and debt in the project, [...]
DLF Ltd. and Unitech Ltd. fell in Mumbai trading after Credit Suisse Group cut its ratings for the stocks on concern new projects may be delayed as demand wanes and funding costs rise.
DLF dropped 2.4%, the most in eight days, to 446 rupees at 10:40 a.m. local time. Unitech, based in Gurgaon, declined 2.5% to [...]
The latest battle in the real estate sector has started taking a toll. Almost all large developers are now facing a severe cash crunch and finding it difficult to complete their ongoing projects. In fact, the situation is so bad that most of them have reported a 50-70% cash shortfall. Industry sources said that the [...]
For all the talk about a slowdown in the economy, real estate prices in most parts of the country have not corrected as much as most prospective buyers would have liked them to. But, shares of most real estate companies are not finding any takers even after falling nearly 50% from their record highs in [...]
By Rajani
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Posted in Property News
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Also tagged , Brokerage Houses, Dlf, Industry Experts, Omaxe, Property Developer, Realty Stocks, Record Highs, Riding The Wave, Share Trading, Unitech
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MUMBAI: Equities are seen opening flat-to-negative on Tuesday amid quiet global cues. Crude oil’s record high spike to the $127 mark will weigh on sentiment.
Essar Oil’s refinery expansion project at Vadinar may turn out to be the only such upcoming project to be denied a 100% tax holiday available to refinery projects. This follows the [...]
By manish
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Posted in Property News
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Also tagged Auto Companies, British Telecom, Essar Oil, Finance Ministry, Haryana, Indian Auto, Italian Motorcycle, Public Sector Company, Silicon Valley, Stock, Tech Mahindra
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January 28, 2008 – 7:04 am
21 January 2008, New Delhi: Parsvnath Developers has announced an investment of Rs 60,000 crore in coming five years in diversified areas such as SEZs, airports, express ways and retails business. Mr. Pradeep Jain, Chairman of Parsvnath Developers said, “We shall be bidding for upcoming airports such as Udaipur, Greater Noida, Maharashtra and other states. [...]
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