Tag: Pradeep Jain

Sahara, ICICI, Bhushan Steel may buy Parsvnath’s Connaught Place land.

Sahara Group, ICICI Bank, Bhushan Steel, Bharti Realty, Red Fort Capital and Shri Lal Mahal are understood to be in the race among others to acquire Parsvnath Developers’ 1.18 acre of prime commercial land near Connaught Place in the National Capital. In January, Parsvnath had announced plans to monetise the KG Marg land, which it had bought […]

Sahara and ICICI Bank targets Parsvnath’s prime land in Delhi.

Real estate major Parsvnath Developers may soon be able to reduce a significant chunk of its debt, thanks to certain corporate giants showing interest in buying a prime piece of property it owns in the national capital. The Sahara Group is engaged in discussions with Parsvnath to buy its commercial land near Connaught Place in […]

CREDAI for Simplifying Administrative Procedures & Introducing Land Reforms

The way to increase construction of houses is to simplify administrative procedures, introduce land reforms and changes in banking and taxation systems, according to Mr Lalit Jain, National President of Confederation of Real Estate Developers Association of India (CREDAI). The developers have decided to make a representation to the Central Government on the issue of […]

Realtors shift focus to budget housing

Declining sales, high interest rates, paucity of funds and global economic slowdown have badly impacted the real estate sector which is witnessing not only sudden slump in demand but also is at the receiving end in the stock market. Freebies in the shape of luxury sedans, offers of foreign trips, 15%-20% discount or deferred payments […]

Carrefour May Choose Parsvnath For India Foray

Carrefour, the world’s second largest retailer, is considering the franchise model to initially expand its presence in the country and may announce a local partner in four weeks. The French retailer, which has held talks with as many as 50 domestic business houses including Mumbai-based Wadia group and Mukesh Ambani-led Reliance Industries and real estate […]