Parsvnath in talks with PE firms for Rs500 cr

Parsvnath in talks with PE firms for Rs500 cr

New Delhi: Real estate firm Parsvnath Developers Ltd aims to raise as much as Rs500 crore from private equity firms by 31 March, chairman Pradeep Jain said in New Delhi on Friday.

The developer is currently in talks with private equity investors to sell stakes in two projects, he said, declining to give additional details.

The New Delhi-based developer also expects to sell 7 million sq. ft of homes for Rs2,000 crore in six-nine months, he said.

--Bloomberg

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