Parsvnath withdraws hospitality ventures reasoning fund crisis
No. 1 Property Portal in India
Over 25 Lakhs Apartments and More
Post Free Residential Properties in India
Find Property in Bangalore
Buy/Sell/Rent Apartments in India
Search Latest Residential Property in India
Get Free Alerts on Property Requirements
Find Agents/Buyers for your Property
Realty monster Parsvnath Developers has placed its four hotel ventures on the chunk, because it is experiencing rigorous liquidity owing to the downturn in the realty segment. Company’s envoy said to www.propertykhazana.com that, “These ventures are extended over Hyderabad, Goa, Lucknow and Ahmedabad and are presently in developing stage.” Like other realty companies, Parsvnath also had stepped in to the hospitality segment when the realty segment was flourishing and it planned to construct about 110 hotels in 7 years with a list of about 10,500 rooms. Company has also confirmed 20 hotels and service flat ventures within the country under different star groups in separate and combine model.
Company has joined hands with ITC’s limb Fortune Park Hotels to handle its planned 50 hotels, comprising these four properties and Parsvnath as other realty firms it has stopped construction on housing, commercial, hotel and SEZ ventures. As per to the sources saying @ the www.propertykhazana.com, company has reported about 80% reduce in net auctions to Rs. 90 Crores during the end of the quarter, between a slowdown in the realty. Company has a total debt of about Rs. 1,900 Crores on its balance sheet and is searching for relisting of about Rs. 400-500 Crores loan, which is likely to reimburse about Rs. 75-80 Crores by the end of the month. Given the economic slowdown and terror strikes has delayed the arrival of tourists and business travelers in India, the hospitality segment has started not to look so striking. The holdings and room rates has fallen in most cities by effecting incomes of hotel companies.
Apartments, Flats and Property for Sale in Hyderabad
Feb 26, 2017
Luxurious 3 BHK Appartments in the vicinity of Jubilee Hills with Best of Specification, World Class Elevations. Aminities Including Club house..
Sep 11, 2016
Aliens Space Station is distinguished by its highest quality construction, prime location, aesthetic appeal, functional design and optimum use of..
Jun 08, 2016
Brand new duplex apartment of 4477 sq.ft. with 4 bed rooms, study room, servant quarter, 3 balconies, 14th floor swimming pool view, vineer and..
Nov 27, 2015
Manjeera group presents, Manjeera trinity, The unique complex with residential, Commercial and entertainment blocks. This magnificent project..
Oct 15, 2015
Taking its Vision forward Aditya plans to evolve into a globally acclaimed construction company with footprints across various geographies, by..
Oct 13, 2015
WELL MAINTAINED HOUSE, 100% VASSTU, PRIME LOCALITY,NR TO MARKET SCHOOL BUS STOP BANK WITHIN 0.5 KM..
Oct 01, 2015
Aditya constructions is launching its high end
Project " Aditya Fair mount " in Vicinity Nr . Jubil
Hills , & Hitech..
Jul 01, 2015
Are you looking for Flats in Tarnaka..??? You are at right place, Homeulike.com offering best 2 bhk and 3bhk flats for sale in Tarnaka, Hyderabad...
May 21, 2015
DX 2 BHK FLAT @ TARNAKA, X ROADS 4 SALE
2BHK. FLAT. 102 NORTH. FACING (SHUBHANILAYAM APARTMENTS. WEST FACING) @TARNAKA. X Roads,
Apartments, Flats and Property for Rent in Hyderabad
May 29, 2017
Excellent 1 BHK furnished accommodation in a good residential colony for husband & wife or not more than two persons. Facilities include..
Mar 15, 2017
Its completely Corporate Life-Style Accommodation With 100 % Fully Furnished Flats.
Dec 11, 2016
A very nice 2 BHK Flat for Rent in 3rd Floor in a prime location. 5 mins away from Osmanganj bus stop. Very near to Amba bavani Temple. Good..
Jun 24, 2016
3 Bhk apartment for rent 1881 sft semi furnished on 2nd Floor with nice ventillation on immediate..
Aug 06, 2015
1 BHK accommodation with all facilities available for rent for not .more than two persons at Malkajgiri, Secunderabad. Contact cell..
May 23, 2015
A beautifully designed Apartment of 50 Luxurious Flats located near chirec pubic school, kondapur,Hyderabad. Set within a lush green space of..
Apr 05, 2014
Ready to move 2bhk flats with all amenities new construction,868-871,block B SRI RAM NAGAR OPP.CHIREC PUBLIC SCHOOL hasitha srilaxmi..
Mar 24, 2014
Apartments at an affordable rent in a gated..
Mar 11, 2014
3BHk at Bachupally for Rent-Rs. 7000/- per..
Mar 11, 2014
all wood work done, wardrobes and kitchen cup board work etc. and Marble flooring, 24 Hours water supply with over head tanks, drinking and bore..