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Parsvnath Developers

Encouraging Q1 figures posted by retailers

The quarter that ended on June 30, 2008, listed some healthy figures as many companies related to the retail sector reported a growth in their net incomes and profits. Adlabs Films Ltd Adlabs, the Reliance Anil Dhirubhai Ambani Group company that...

Parsvnath appoints joint managing director for SEZ arm

Parsvnath Developers Limited (PDL) has announced the appointment of SP Aggarwal as joint managing director for its subsidiary Parsvnath SEZ Limited (PSL). Announcing this, Pradeep Jain, chairman of Parsvnath Developers, said: “We are pleased to welcome Aggarwal to the Parsvnath...

Parsvnath likely to be Carrefour’s India partner

French retailer Carrefour, which has been in talks with almost all top retailing companies in India, seems to have zeroed in on Parsvnath Developers and will probably chose them to be their partner for India operations. Abdul Rab, director of...

Indian Railways offering retail space

The Indian Railways is soon going to offer around 4,800 hectares of land to retail and logistics companies to set up retail outlets, agri-retail infrastructure and warehouses. Around 3,000 sites have already been identified by the railways across the...

Parsvnath VP will join Carrefour

Abdul Rab, vice president for retail and business development at Parsvnath Developers will join Carrefour as director, business development in the third week of May, sources close to the development, told Indiaretailing. Rab will take care of the new initiative...

Parsvnath to build hypermarkets

Real estate firm Parsvnath Developers will announce a joint venture with a foreign partner in June to develop around eight to ten hypermarkets in India, as rising incomes boost spending power in the country. "Our focus in the first year...

Millions throng NCR shopping centres on weekends

How many of them – and from where – walk in at what time, to spend on what, at which shopping centre? A correct answer to this complex query can provide a shopping centre administrator with relevant insights, and help...

Budget 2008: Retail industry’s expectations

Budget 2008 is on the cards, and the retail fraternity has their fingers crossed. While Indiaretailing was penning down the expectations of the fraternity, it noted that everybody echoed the same concern – ‘why service tax is charged on...

Parsvnath and Indiabulls jointly bid for railway lands

Parsvnath Developers Ltd and Indiabulls Real Estate Ltd (IBREL) have jointly submitted a request for qualification (RFQ) to the Rail Land Development Authority (RLDA) for developing commercial complexes. The companies are bidding for ten prime location plots being offered by...

Parsvnath Developers announces retail foray

Joining the bandwagon of big corporate houses entering India’s burgeoning organised retail market, real estate major Parsvnath Developers announced its foray into the sector with hypermarket format. The company has incorporated a subsidiary Parsvnath Retail Limited for its new venture,...
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