Parsvnath Q1 net dips 19%, to raise Rs 2,000 cr
Parsvnath has reported 19.04% fall in its consolidated net profit for the quarter ended June 30 at Rs 25.76 crore as it did not launch any new project.
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Land Acquisition Bill to trigger real estate price hike: CREDAI
Confederation of Real Estate Developers Association of India on Wednesday, August 10, said the property prices would surge if the draft Land Acquisition Bill proposed by the Rural Development Ministry came into force.
Supreme Court order leads to standstill in home sales at Noida Ext
Sale of housing units have virtually come to a halt in Noida Extension following a Supreme Court order quashing land acquisition from farmers by the state authorities in some parts of the area.
CREDAI demands comprehensive real estate law
The Confederation of Real Estate Developers’ Association of India (CREDAI) demands the proposed law to regulate the development of India’s real estate sector must be comprehensive to address the interests and responsibilities of all stakeholders.
CREDAI enforces mandatory carpet area defining
Confederation of Real Estate Developers’ Association of India (CREDAI) on Wednesday said it has made mandatory for all members of the association to mention carpet area in their brochures and sale agreement, aiming to bring in transparency in the sector.
Parsvnath plans to raise Rs 200 cr from PEs
Parsvnath Developers is looking to raise up to Rs.200 crore by selling stakes in two group housing projects to private equity firms.
Ahmedabad gets represented in Executive Committee of CREDAI
With the emergence of Gujarat real estate sector on the realty map of India, the state’s real estate developers have also got recognition at the national level. Jaxay Shah, director of Savvy Infrastructure, has been elected as the new vice-president of Confederation of Real Estate Developers’ Association of India (CREDAI).
Metro Cash & Carry opens its second outlet in Delhi at Parsvnath Mall
Parsvnath Developers has announced that Metro Cash & Carry has opened its second outlet in Delhi at Parsvnath Mall in Seelampur. Parsvnath is working on 14 metro malls with DMRC on BOT basis and out of these 11 metro malls have already been completed. Given the proximity to the metro stations, Parsvnath Malls have been considered as the preferred options for big retailers and wholesalers.
Parsvnath Developers launches Parsvnath Akanksha
Parsvnath Developers has launches Parsvnath Aakanksha, a 2 & 3 BHK Floors in a fully functional, integrated township ‘Parsvnath City, Jodhpur’. Situated in the township Parsvnath City, spread over 120 acres, Parsvnath Akanksha offers low rise floors at an affordable price ranging from the down payment cost of Rs 16.19 lacs to the upper range of 3 bed room down payment cost of Rs 24.75 lacs.
Acid test for government as realty smells achchhe din around the budget
Track2Realty Exclusive: Reeling under compelling economic circumstances that call for financial prudence and tough measures, the first Union Budget of the NDA Government is still reason enough for the real estate sector to exude optimism. It seems the euphoria of a stable government at the Centre is running so deep that despite of the government taking certain tough economic measures before the budget itself and the Reserve Bank of India also not cutting the repo rate down in its recent monetary policy review, the sector is expecting rosy days ahead with the budget being the first catalytic point.