Parsvnath Group
About Parsvanath Group
Parsvnath Developers Limited (Parsvnath) is an India-based real estate development company. As a leading developer in the country, it is also listed on the National Stock Exchange (NSE) of India. With a diversified portfolio of real estate development projects, it has expansion plans for many cities. The Company has operations in 41 cities and 14 states in India. Besides it has a pan-Indian focus.
The Company has been engaged in the development of integrated townships, residential projects, commercial complexes, including shopping malls and multiplexes, and hotels, housing projects and commercial complexes. Parsvnath recently entered the integrated township segment and has been increasing presence in the malls and commercial space segment. The company is entering new business segments, such as hotels and special economic zones (SEZs), across the country.
Parsvnath Developers has emerged as a dominant force in the Real Estate sector of the country. It entered the smaller cities early. Its completed projects are spread over Greater Noida, Ghaziabad, Noida and Gurgaon among others. The current projects are also located in cities such as Chandigarh, Mysore, Pune and Indore.
In recognition of its commitment towards technical excellence and world-class real estate solutions, Parsvnath Group has become the first real estate company in India to achieve a
NAREDCO-ICRA DR 2- rating.
The Story Behind Parsvanath
The company, which is controlled by first-generation entrepreneur Pradeep Kumar Jain, made inroads into the real estate industry and now is quite diversified in terms of types of developments. So far it has become a force to reckon with, with a considerable number of completed projects. Early on, it laid stress on state-of-the-art engineering techniques and use of top quality materials in various construction projects along with a different focus to customer relationship & satisfaction, consulting global architects and by inspiring human potential to scale
new heights.
This has won the company sound reputation for the last 20 years for delivering maximum value for money in the properties developed by them. It has come to be known for raising the standards for the Real Estate industry. It has been a pioneer in terms of achieving a certification.
Today, Parsvnath is one of the top five Indian real estate developers in terms of size. Parsvnath Group has taken an initiative and emerged as one of the prominent entities in the real estate industry in the country.
It has come up with cost effective and holistic solutions specific to contemporary standards for residential complexes and business centres. The group has forged linkages with leading global consulting architecture firms to introduce new concepts in India.
Besides that, it has pushed performance and human potential to new limits, and has consistently created value for its customers and business partners. The Parsvnath Group arose as a conglomeration of companies with impeccable foresight, enviable expertise and innate acumen providing cost effective and holistic solutions. It also seeks to set a benchmark in the area of social responsibility.
The key elements of its business strategy are:
- To deliver value for money & good investment returns
- To focus on strategic growth
- Evolve contemporary benchmarks in construction & marketing practices.
- Diversify and broad-base product offerings by catering to different markets and segments.
- Expand core business verticals nationally
- Ensure optimum utilization of natural resources to offset adverse impacts of business operations.
- Believe in sustainable development and to explore opportunities for such initiatives.
- Enter the smaller cities early
Strengths
The Company's competitive strengths arise out of being an early mover advantage in most projects, strong marketing networks, diversified businesses within real estate, strong project management skills, professional management, efficient materials planning and procurement systems and strong customer focus quality solutions.
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