What Parsvnath Developers does

Parsvnath Developers Ltd. is a publicly listed Indian real estate developer (BSE: PARSVNATH) founded in 1985 and headquartered in New Delhi, operating a diversified portfolio of residential, commercial, retail, township, IT-park, and SEZ projects across 37 cities in 13 states. Its product set spans luxury condominiums (Parsvnath La Tropicana, Parsvnath Paramount, Parsvnath Exotica, Parsvnath Royale), commercial office complexes (Parsvnath Capital Tower, 27 KG Marg), a JV-operated retail mall (Unity One Elegante), and large-scale integrated townships in cities including Indore, Jaipur, Jodhpur, Sonepat, and Panipat. Distribution is hybrid: direct enterprise sales and consumer-direct channels via parsvnath.com booking forms, supported by social media, brand TVC, and an investor relations portal.

The business model generates revenue from one-time residential and commercial unit sales, recurring rental income from JV-operated retail (approximately Rs 120 crore annually from Unity One Elegante), and contractual construction for government and institutional clients (DMRC stations, FDDI Raebareli, Buddha Smriti Udhyaan Patna, Sai Ashram Shirdi). Five wholly-owned subsidiaries (Parsvnath Buildwell, Hessa Developers, Landmark Developers, Realcon, Estate Developers) and two joint ventures (Unity Parsvnaths LLP with Unity Group; Parsvnath Rail Land Project with RLDA) house specialized assets and government partnerships.

The company is currently in material distress. Hon'ble NCLT initiated Corporate Insolvency Resolution Process on 30 April 2026 (CP (IB) No. 468/PB/2024), Haryana debarred it and its seven directors from new licences, multiple criminal FIRs and homebuyer compensation orders are outstanding, Rs 333.31 crore in EDC/IDC dues remain unpaid, and 530+ acres of licensed Haryana land have expired without renewal. Q3 FY25-26 standalone sales fell 19.30% YoY to Rs 16.01 crore, with the standalone net loss widening to Rs 75.99 crore.

Name

Parsvnath Developers

Legal name

Parsvnath Developers Ltd.

Website

https://parsvnath.com

Company type

Public

Founded year

1985

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Parsvnath Developers Ltd. is a publicly listed Indian real estate developer (BSE: PARSVNATH), founded in 1985 and headquartered in New Delhi, delivering residential, commercial, retail, township, IT-park, and SEZ projects across 37 cities and currently under NCLT insolvency proceedings.

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

New Housing For-Sale Builders (236117), Residential Building Construction (23611), Land Subdivision (237210), Commercial and Institutional Building Construction (23622), Lessors of Nonresidential Buildings (except Miniwarehouses) (53112)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), General Bldg Contractors - Residential Bldgs (1520), Operative Builders (1531), Real Estate Operators (No Developers) & Lessors (6510)

akta.pro primary industry

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)

Keywords

• Residential real estate
• Commercial property development
• Integrated townships
• Luxury apartments India
• Office space leasing

Headquarters

HQ city

New Delhi

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Supply Chain, Operations, Infrastructure, Personnel, Marketing or Sales, Others

Revenue model

1. Residential Property Sales: Revenue generated from the sale of residential units including apartments, condominiums, villas, and penthouses across multiple cities in India. Projects include luxury developments like Parsvnath Exotica (Gurugram), Parsvnath La Tropicana (Delhi), Parsvnath Paramount (Delhi), and Parsvnath Royale (Panchkula).
2. Commercial and Office Space Sales: Revenue from sale of commercial office spaces including IT parks, SEZs, and office complexes such as Parsvnath Capital Tower near Connaught Place, Delhi.
3. Retail Mall Rental Income: Rental income from retail mall properties. The joint venture mall Unity One Elegante with Unity Group generates approximately ₹120 crore annually in rental income from fully leased retail space of 5 lakh sq ft.
4. Township Development Sales: Revenue from large-scale integrated township projects spanning multiple cities including Derabassi, Dharuhera, Indore, Jaipur, Jodhpur, Karnal, Panipat, Rajpura, Rohtak, Saharanpur, Sonepat, and Ujjain.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Parsvnath Developers is an Indian real estate developer that designs, builds, markets and sells residential apartments, condominiums, villas and penthouses; commercial office complexes; retail mall properties; and large-scale integrated townships, alongside contractual construction for government and institutional clients. Revenue is earned primarily from one-time sales of self-developed properties (residential and commercial) with supplementary recurring rental income from jointly developed retail mall assets.

Product overview

Parsvnath Developers Ltd is a real estate development company operating as a diversified portfolio of residential, commercial, retail, township, IT parks, and SEZ projects across 37 cities in India. The company's product portfolio includes luxury residential offerings such as Parsvnath La Tropicana, Parsvnath Paramount, Parsvnath Exotica, and Parsvnath Royale. The commercial segment includes office spaces like Parsvnath Capital Tower and 27 KG Marg. The company also operates retail projects including the joint venture mall Unity One Elegante with Unity Group. Contractual construction projects span tourism, institutional, and metro infrastructure. Three listed subsidiaries - Parsvnath Estate Developers Pvt Ltd, Parsvnath Rail Land Project Pvt Ltd, and Parsvnath Landmark Developers Pvt Ltd - handle specialized development projects. The company is currently under Corporate Insolvency Resolution Process (CIRP) as per NCLT order dated April 30, 2026.

Differentiator

Problem solved

Functional benefit

Products and services

• Parsvnath La Tropicana Luxury residential resort-style project in Civil Lines, North Delhi, spanning 16.8 acres with over 65% open green spaces, offering 3-, 4- and 5-bedroom condominiums, penthouses and villas. Developed by subsidiary Parsvnath Landmark Developers Pvt Ltd and targeted at end-use premium buyers.
• Parsvnath Paramount Super luxury condominium project in Subhash Nagar, Delhi near Rajouri Garden, featuring 65% open green spaces with 3- and 4-bedroom apartments and penthouses targeting premium end-use buyers.
• Parsvnath Exotica Luxury residential development in Gurugram's Sector 53, opposite the metro station, featuring world-class amenities, lush landscapes and proximity to a golf course; subject to ongoing homebuyer possession and compensation disputes (Supreme Court affirmed 8% simple interest compensation, February 2026).
• Parsvnath Royale Residential project near Pinjore Garden in Panchkula with elegant 3-bedroom apartments featuring air-conditioned rooms and modular kitchens for end-use premium buyers.
• Unity One Elegante Mall Shopping mall in Delhi developed jointly with Unity Group through Unity Parsvnaths LLP joint venture on 28,400 sq metres; the 5 lakh sq ft leasable area is fully leased and generates approximately Rs 120 crore annually in rental income from retail tenants.
• Parsvnath Capital Tower Cutting-edge office and commercial complex near Connaught Place on Bhai Veer Singh Marg, New Delhi, constructed on land leased from Delhi Metro Rail Corporation via subsidiary Parsvnath Estate Developers Pvt Ltd; offered to corporate tenants for sale and lease.
• 27 KG Marg Office Project Commercial office project located at 27 KG Marg, New Delhi, marketed to corporate buyers and tenants through the dedicated office space enquiry channel.
• Buddha Smriti Udhyaan (Patna) Contractual construction of an iconic tourism destination with landscaped areas, Stupa, Meditation Halls, Museum, Car Parking and Public Amenities spread over approximately 20.65 acres near Patna Railway Junction, awarded by the Government of Bihar.
• FDDI Institute Building (Fursatganj, Raebareli) Construction of the Footwear Design and Development Institute (FDDI) building at Fursatganj, Raebareli, with a total area of approximately 28,000 sq ft, executed under the Ministry of Commerce and Industries, Government of India.
• Sai Ashram (Shirdi) Sai Ashram project comprising 17 blocks of approximately 9,00,000 sq ft with complete infrastructure facilities in Shirdi, awarded in December 2007 by the Sai Sansthan Trust.
• Dhaula Kuan Metro Station (Airport Metro Express) Metro Station construction work for the Airport Metro Express at Dhaula Kuan, New Delhi, commenced in October 2008 for the Delhi Metro Rail Corporation.

Quantifiable outcome

• ₹120 crore annual rental income from Unity One Elegante mall partnership
• +1 more outcomes

Named customers3 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered core and minor.

• Unity GroupcoreStrategic or Co-development Partner · 2 November 2025Joint venture partnership with Unity Group for development of Unity One Elegante shopping mall in Delhi. The joint venture entity is Unity Parsvnaths LLP. The mall has 5 lakh sq ft leasable area generating approximately ₹120 crore annual rental income with fully leased retail space.
• Delhi Metro Rail Corporation (DMRC)coreStrategic or Co-development PartnerMultiple partnership projects with DMRC including retail projects, office spaces, and station development. Parsvnath Capital Tower is built on DMRC-leased land near Connaught Place. Additional DMRC retail projects across various locations and the Dhaula Kuan Metro Station development.
• Rail Land Development Authority (RLDA)coreStrategic or Co-development PartnerParsvnath Rail Land Project Private Limited (PRLPPL) was incorporated as a Special Purpose Vehicle for the development of 15.27 hectares of railway land at Sarai Rohilla – Kishanganj, New Delhi, under a lease agreement with RLDA.
• Buddha Smriti Udhyaan (Patna)minorImplementation/ SI/ Consulting PartnerContractual project for Buddha Smriti Udhyaan tourism destination in Patna spanning approximately 20.65 acres with landscaped areas, Stupa, Meditation Halls, Museum, Car Parking and Public Amenities near Patna Railway Junction.
• Footwear Design and Development Institute (FDDI)minorImplementation/ SI/ Consulting PartnerConstruction of FDDI Institute building at Fursatganj, Raebareli with total area of 28,000 Sqft under Ministry of Commerce and Industries, Govt. of India.
• Sai Sansthan Trust (Shirdi)minorImplementation/ SI/ Consulting PartnerConstruction contract awarded in December 2007 for Sai Ashram project comprising 17 blocks of approximately 9,00,000 sq.ft with entire infrastructure facilities in Shirdi.

Scale indicators8 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Oberoi Realty: Mumbai-focused premium residential and commercial developer (Oberoi Mall, Eternia, Three Sixty West). Comparable on luxury residential positioning and commercial leasing income stream, mirroring Parsvnath's premium-product strategy in Delhi NCR.
• DLF Limited: India's largest listed real estate developer, offering residential, commercial, retail and township projects across multiple cities. Directly comparable to Parsvnath on pan-India residential and commercial product breadth, though DLF operates at materially larger scale and without Parsvnath's distress profile.
• Godrej Properties: Listed Indian residential developer with national footprint across luxury and mid-market housing, IT parks and townships. Closely comparable product mix (apartments, penthouses, integrated developments) but with a stronger financial profile and brand.
• Macrotech Developers (Lodha Group): Large Indian listed developer focused on residential and township projects, primarily in Mumbai and Pune with NCR expansion. Comparable on residential-for-sale product and integrated township approach; significantly larger scale post-IPO.
• Sobha Limited: Listed Indian real estate developer with backward-integrated construction capabilities delivering residential and contractual projects. Closely matches Parsvnath's mix of luxury housing and government/institutional contractual work.
• Brigade Enterprises: South-India headquartered listed developer with residential, commercial, retail and hospitality projects. Comparable product diversification including integrated townships and commercial leasing income from malls like Forum.
• Prestige Group: Listed Indian developer of residential, commercial, retail, hospitality and township projects (Prestige City, Forum malls). Strong comparable on mall JV income model that mirrors Parsvnath's Unity One Elegante joint venture.
• Mahindra Lifespace Developers: Listed residential and integrated township developer with presence across multiple Indian cities. Comparable on premium residential positioning, though smaller in commercial and joint-venture scale than Parsvnath.
• Omaxe: Listed Indian real estate developer with pan-India presence in residential and commercial projects. Closely comparable in scale, geographic spread and product mix; also operates from Delhi NCR with similar project pipeline.
• Ansal Properties & Infrastructure: Listed Delhi-based real estate developer focused on residential, commercial and township projects across North India. Closely comparable to Parsvnath on geography, product mix and historical delivery profile.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights5 records

Customer concentration

• Xx.com/parsvnathdev
• YouTubeyoutube.com/channel/UCZ3hNiB7Fmp1bx9yJyqBYTw
• Facebookfacebook.com/ParsvnathDevelopersLtd
• Instagraminstagram.com/parsvnathdevelopersltd
• LinkedInlinkedin.com/company/parsvnath-developers-limited

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries7 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Parsvnath Developers