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.
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.
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).
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.
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.
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.
December
2007:
Incorporated
subsidiary
company
“Parsvnath
Assets
Ltd.”
November
2007:
Incorporated
subsidiary
companies
“Parsvnath
Retail
Ltd.”,
Parsvnath
Developers
Pte Ltd”
for
Singapore,
“Parsvnath
Hotels
Ltd.”
October
2007:
Announced
tie up
with
Al-Hassan
Group of
Industries,
Oman,
Muscat
to
undertake
the
offshore
real
estate
development.
September
2007:
Launched
1st of
its kind
most
premium
project
“Parsvnath
PRIDEASIA”
in Rajiv
Gandhi
Chandigarh
Technology
Park
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.
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.
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.
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
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.
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).
2005
“Parsvnath
Exotica”
Gurgaon:
Launched
the
first of
its kind
mega and
prestigious
project.
2004 –
2006
Secured
ten
concessions
from the
DMRC for
the
development
of malls
at metro
stations.
December
2005
Received
certificate
from the
ICL
certifying
compliance
with the
Environment
Management
System
Standard
ISO
14001.
September
2005
Received
upgraded
rating
DR2-
ICRA-NAREDCO
rating
from
ICRA
Limited
indicating
strong
project
development
capacity.
November
2002
Received
ISO
9001:2000
rating
from the
International
certifications
Limited
(“ICL”)
in
relation
to the
development,
construction
and
marketing
of
infrastructures.
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.
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.
1998
Launched
a
commercial
project
“Parsvnath
Plaza”
in
Saharanpur
with a
saleable
area of
1, 20,
000 sq.
ft.
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.
July
1990
Parsvnath
Developers
Limited
was
incorporated.
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.
