Parsvnath Developers

The Director and Chief Executive Officer (CEO) of a subsidiary of realty firm Parsvnath Developers was arrested last evening in Delhi as he tried to flee after multiple non-bailable warrants were issued against him.

Sanjeev Jain, the CEO of Parsvnath Landmark Developers, a subsidiary of Parsvnath Developers, was arrested on Saturday after a 60 km chase.

Sanjeev Jain - the director and CEO of realty firm Parsvnath Developers' subsidiary, Parsvnath Landmark Developers - was arrested after a 60 km chase on Sunday, said Delhi police.

The Delhi Pollution Control Committee (DPCC) has been asked to issue a show-cause notice to real estate company Parsvnath Developers Limited for "flouting pollution-related guidelines" at a construction site.

A Delhi court has granted bail to the directors of a real estate company accused of duping an associate professor of Rs 10 lakh after promising to give him a flat in one of its housing projects that had no approval from authorities.

The Supreme Court upheld the ability of homebuyers to drag property developers into bankruptcy proceedings as several real estate firms are going bust in Asia's third-largest economy.

The Delhi State Consumer Disputes Redressal Commission also asked Parsvnath Developers Ltd to refund Rs 46,28,933 to Varun Dev, who had paid the amount for a flat in Ghaziabad.

Real estate firm Parsvnath Developers has informed the Supreme Court that it has arrived at a settlement with Union Minister Rajyavardan Singh Rathore over the possession of his flat in the plush Exotica project in Gurugram.

Supreme Court today appointed a two-member lawyers' panel to inspect the facilities at the flat of Minister of State Rajyavardhan Singh Rathore in Parsvnath Developers' Exotica project in Gurgaon, after he claimed it was "uninhabitable".

The Supreme Court today directed Parsvnath developers to hand over possession of a flat in its Gurgaon project to Minister of State for Information and Broadcasting Rajyavardhan Singh Rathore in two days.

The buyers, whose flats have not been delivered yet, had approached the top court seeking refund.

The Supreme Court on Thursday asked real estate developer Parsvnath Buildwell to pay Rs 12 crore to flat buyers in its "Exotica" project in Ghaziabad within four weeks.

Parsvnath in March this year had raised Rs 355 crore through private placement of debentures. The funds were raised from Edelweiss and used to prepay the company's debt.

Income from operations also rose by 23 per cent to Rs 146.47 crore in the third quarter of this fiscal from Rs 119.31 crore in the corresponding period of the previous year.

The real estate industry has welcomed the Cabinet's decision to amend the Land Acquisition Act, saying it will boost construction of affordable housing.

The Director and Chief Executive Officer (CEO) of a subsidiary of realty firm Parsvnath Developers was arrested last evening in Delhi as he tried to flee after multiple non-bailable warrants were issued against him.

Sanjeev Jain, the CEO of Parsvnath Landmark Developers, a subsidiary of Parsvnath Developers, was arrested on Saturday after a 60 km chase.

Sanjeev Jain - the director and CEO of realty firm Parsvnath Developers' subsidiary, Parsvnath Landmark Developers - was arrested after a 60 km chase on Sunday, said Delhi police.

The Delhi Pollution Control Committee (DPCC) has been asked to issue a show-cause notice to real estate company Parsvnath Developers Limited for "flouting pollution-related guidelines" at a construction site.

A Delhi court has granted bail to the directors of a real estate company accused of duping an associate professor of Rs 10 lakh after promising to give him a flat in one of its housing projects that had no approval from authorities.

The Supreme Court upheld the ability of homebuyers to drag property developers into bankruptcy proceedings as several real estate firms are going bust in Asia's third-largest economy.

The Delhi State Consumer Disputes Redressal Commission also asked Parsvnath Developers Ltd to refund Rs 46,28,933 to Varun Dev, who had paid the amount for a flat in Ghaziabad.

Real estate firm Parsvnath Developers has informed the Supreme Court that it has arrived at a settlement with Union Minister Rajyavardan Singh Rathore over the possession of his flat in the plush Exotica project in Gurugram.

Supreme Court today appointed a two-member lawyers' panel to inspect the facilities at the flat of Minister of State Rajyavardhan Singh Rathore in Parsvnath Developers' Exotica project in Gurgaon, after he claimed it was "uninhabitable".

The Supreme Court today directed Parsvnath developers to hand over possession of a flat in its Gurgaon project to Minister of State for Information and Broadcasting Rajyavardhan Singh Rathore in two days.

The buyers, whose flats have not been delivered yet, had approached the top court seeking refund.

The Supreme Court on Thursday asked real estate developer Parsvnath Buildwell to pay Rs 12 crore to flat buyers in its "Exotica" project in Ghaziabad within four weeks.

Parsvnath in March this year had raised Rs 355 crore through private placement of debentures. The funds were raised from Edelweiss and used to prepay the company's debt.

Income from operations also rose by 23 per cent to Rs 146.47 crore in the third quarter of this fiscal from Rs 119.31 crore in the corresponding period of the previous year.

The real estate industry has welcomed the Cabinet's decision to amend the Land Acquisition Act, saying it will boost construction of affordable housing.