Milestones

Possession Offered in Parsvnath Planet (part) – Lucknow in the year 2015.

Possession Offered in Parsvnath Castle (part) – Rajpura in the year 2015.

Parsvnath Developers Ltd has been selected as winner of the category ‘Front Runner of Indian Realty’. Mr. Sanjeev Jain accepted the award from Dr. Alka Saxena, Director, NDMC in presence of Mr. Sudhanshu Mittal, member of the BJP national council in the inaugural edition of India International Property Awards (IIPA) 2015 – India’s 1st people’s choice real estate awards held on September 24, 2015.

Parsvnath Developers Ltd has been selected as winner of the ‘Developer of the Year – Commercial’ category for its key commercial project ‘Red Fort Capital Parsvnath Tower’ and also felicitated Mr. Pradeep Jain with the ‘Scroll of Honour’ in appreciation of his immense contribution in the real estate sector in Realty Plus Excellence Awards (North) 2015 held on September 23, 2015.

Parsvnath Developers Ltd’s commercial project ‘Red Fort Parsvnath Towers, Bhai Veer Singh Marg’ has won the coveted ‘Smart Project of the Year’ award at the 5th Annual Construction Week India Awards 2015.

Mr. Pradeep Jain has been felicitated with ‘Construction World Architect & Builder Award’ for decade of excellence, best practice, innovation in construction field and among all the developers in real estate sector who demonstrate the highest level of commitment and best practices in delivering quality and have ability to envision, innovate and execute on August 21, 2015 at Mumbai.

Parsvnath Developers Ltd has been selected as winner for Developer Of The Year Integrated Township under Developers Awards by Estate Avenues on May 29, 2015.

Possession Offered in Parsvnath Regalia (part) – Ghaziabad in the year 2014.

Possession Offered in Parsvnath Royal Floors – Lucknow in the year 2014.

Possession Offered in Parsvnath City – Jodhpur (Villas) in the year 2014.

Possession Offered in Parsvnath Tower-Red Fort Capital-New Delhi in the year 2014.

Possession Offered in Parsvnath Panchvati Plaza – Agra Capital-New Delhi in the year 2014.

Possession Offered in Parsvnath City – Ujjain in the year 2014.

Parsvnath Developers Ltd has been received Prestigious Excellence Award for “Innovative Marketing Concept of the Year” The award was received from Mr. Pravesh Verma (M.P), Mr. Anil Sharma (M.L.A) – BJP and CEO of Pushpanjali Developers, Bengaluru on September 10, 2014 at New Delhi.

Parsvnath Developers Ltd has been received award from the mayor of Chandigarh Mr. HC Kalyan and Mr. Gurpreet Guggi the standup film artist for being the Best Developer of Delhi NCR on June 27, 2014 at Chandigarh.

Mr. Pradeep Jain was awarded Realty Kings Award for Excellence 2014 for being Realty Giant of North India and Realty King Marketeer of the year 2014 on June 6, 2014 on Award Night Conclave cum Coffee Table Book launch & Awards Night conducted by M/s Think Media Inc.

Parsvnath Developers Ltd’s Residential Project, Parsvnath La-Tropicana, New Delhi has been ranked among the “Most Promising Projects of North India 2014-15” by Estate Avenues on February 01, 2014.

HHS was launched in 2013 on mega scale covering 20 projects resulting in over 1200 booking in span of 2 months.

Possession Offered in Parsvnath Prerna – Agra in the year 2013.

Possession Offered in Parsvnath City – Karnal (Ph-1) in the year 2013.

Possession Offered in Parsvnath City – Saharanpur (Ph-1) in the year 2013.

Parsvnath Developers Ltd., have been received Real Estate Award for “Innovative Real Estate Marketing Campaign of the year 2013” by ABP News.

Parsvnath Developers Ltd’s Residential Project, Parsvnath Planet, Lucknow has been awarded by CNBC (under category Special Recognition in Lucknow City under best 50% Complete Residential Project under Mid-segment) on December 22, 2013.

Parsvnath Developers Ltd’s Residential Project, Parsvnath La-Tropicana, New Delhi has been awarded by CNBC (under category the best 50% Complete Residential Project under Ultra luxury Segment in NCR) on December 22, 2013.

Parsvnath Developers Ltd., have been given MERIT AWARD BY APREA (Asia Pacific Real Estate Association, Singapore) in the Category – “EMERGING MARKETS – PROPERTY VALUATION” for listed Real Estate Entities 2013 in recognition of its commitment to enhancing the transparency and comparability of public real estate markets in the Asia Pacific Region.

Possession Offered in Parsvnath City – Panipat in the year 2013.

Possession Offered in Parsvnath Pratibha (Low Rise) – Moradabad in the year 2012.

Possession Offered in Parsvnath City – Derabassi in the year 2012.

Possession Offered in Parsvnath City – Sonepat, Villas in the year 2012.

Parsvnath Developers Ltd’s Residential Project, Parsvnath Exotica, Gurugram has been awarded by CNBC as “Most Luxurious Project” (under category more than 70% complete) on 22nd December, 2012.

Possession Offered in Parsvnath Pratistha – Pune in the year 2011.

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 a Loan agreement with PLDPL for the same Project amounting to Rs.1400 mn.

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.

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.

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, Gurugram. 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, Gurugram.

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.

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.

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).

“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.

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.

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.

Incorporated subsidiary company “Parsvnath Assets Ltd.”

Incorporated subsidiary companies “Parsvnath Retail Ltd.”, Parsvnath Developers Pte Ltd” for Singapore, “Parsvnath Hotels Ltd.”

Announced tie up with Al-Hassan Group of Industries, Oman, Muscat to undertake the offshore real estate development.

Launched 1st of its kind most premium project “Parsvnath PRIDEASIA” in Rajiv Gandhi Chandigarh Technology Park

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.

Came out with an IPO clearly witnessing a strong and healthy investor’s response. The issue was oversubscribed by more than 55 times.

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.

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

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.

Secured acceptance of bid from the DMRC for 2 property development projects in Delhi (Metro Stations at Azadpur & Common wealth village site near Akshardham).

Launched the first of its kind mega and prestigious project.

Secured ten concessions from the DMRC for the development of malls at metro stations.

Received certificate from the ICL certifying compliance with the Environment Management System Standard ISO 14001.

Received upgraded rating DR2- ICRA-NAREDCO rating from ICRA Limited indicating strong project development capacity.

Received ISO 9001:2000 rating from the International certifications Limited (“ICL”) in relation to the development, construction and marketing of infrastructures.

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.

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.

Launched a commercial project “Parsvnath Plaza” in Saharanpur with a saleable area of 1, 20, 000 sq. ft.

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.

Parsvnath Developers Limited was incorporated.

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.