Parsvnath Developers Limited has informed the Exchange regarding a press release dated September 23, 2025, titled "Press Release on the Project at Rajpura, Punjab".
PARSVNATH · price
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Awaiting price reaction for this filing.
Parsvnath Developers has shared an update on its integrated township project at Rajpura, Punjab, spread across 112.856 acres. The project is located along GT Road, near Shambu Border Railway Station, about 20 km from Ambala and Chandigarh, and includes plots, group housing, commercial complexes, clubs, and schools. The company has appointed Emperor Infratech Private Limited as the Development Manager under a Development Management Agreement to handle development, sales, marketing, and maintenance. The focus is on completing the project in a time-bound manner, delivering possession to existing customers, and selling unsold inventory. Chairman Pradeep Jain reiterated the company's 'MISSION POSSIBLE' goal of completing ongoing projects.
Positive for existing customers awaiting possession, as a dedicated Development Manager should speed up execution. For shareholders, this signals active project monetization and delivery focus, which could improve cash flows if inventory sales pick up, though execution risk remains.