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Press Release

For immediate Publication

'Developer of the Year - Commercial' award conferred to Parsvnath Developers Limited for its project Red Fort Capital Parsvnath Tower

Mr. Pradeep Jain felicitated with the 'Scroll of Honour'

New Delhi, 24 September, 2015: Parsvnath Developers Limited, one of the India's leading Real Estate and Infrastructure Development Companies, has been felicitated as the 'Developer of the Year - Commercial' by Realty Plus at Realty Plus Excellence Awards (North) 2015 for its key commercial project 'Red Fort Capital Parsvnath Tower‟.

Recognising the immense contributions of Mr. Pradeep Jain in the real estate sector, Realty Plus Excellence Awards (North) 2015, felicitated Mr. Jain with the 'Scroll of Honour‟ at the awards ceremony in the presence of chief guest honourable Sh. Kalraj Mishra, Union Cabinet Minister of Micro, Small and Medium Enterprises along with other real estate industry leaders and property consultants like DTZ, JLL India, CBRE South Asia Pvt Ltd. etc.

On winning the awards, Mr. Pradeep Jain, Chairman, Parsvnath Developers Limited said, 'I would really like to thank Realty Plus Excellence Awards (North) 2015 for conferring the award to Parsvnath Developers Limited for its key commercial project in the Central Business District of Delhi. Parsvnath Developers have always endeavoured to develop state of the art projects equipped with all modern amenities and awards like these further motivate us to continue to work towards delivering best quality services and products.' Overview of Parsvnath Developers Limited:-

Parsvnath Developers Limited (PDL), one of India's leading real estate and infrastructure development companies, having a rich experience of more than 25 years has Pan India presence spread across 42 cities and 15 states. The Company's diversified business portfolio comprises of Residential, Commercial (Office and Retail), DMRC projects, Hotels, SEZs, IT Parks and Third Party Construction.

PDL has to its credit several architectural marvels where it has successfully transformed simple barren tracts of land into beautiful spaces, both residential and commercial. It is the first real estate company in India to have integrated the ISO 9001, 14001 and OHSAS 18001 Certification processes.

The Company has till date completed 55 projects, measuring 24.75 mn. sq. ft of developed area. Currently, 48 projects are under construction which on completion will deliver 69.76 mn. sq. ft. of developed area. The Company has a large land bank that stands at 143.05 mn. sq. ft.

More information about the company is available on www.parsvnath.com


For more details, please contact: Ms. Neetal Narang

Head Corporate Communications Parsvnath Developers Limited

Email - neetal.narang@parsvnath.com

Mr. Jatin Khattar

Senior Manager - Corporate communications Parsvnath Developers Ltd.

Mobile: +919810751243

Email - Jatin.khattar@parsvnath.com


Ms Jyoti Sharma Adfactors PR Pvt. Ltd. Mobile: 9810519400

Office: 011-40565100

Email: jyoti.sharma@adfactorspr.com


Forward-Looking Statements:- This report contains forward -looking statements, which may be identified by their use of words like 'plans', 'expects', 'will', 'anticipates', 'believes', 'intends', 'projects', 'estimates' or other words of similar meaning. All statements that address expectations or projections about the future, including but not limited to statements about the company's strategy for growth, market position, expenditures, and financial results, are forward -looking statements. Forward-looking statements are based on certain assumptions and expectations of future events. The company cannot guarantee that these assumptions and expectations are accurate or will be realized. The company's actual results, performance or achievements could thus differ materially from those projected in any such forward - looking statements. The company assumes no responsibility to publicly amend, modify or revise any forward looking statements, on the basis of any subsequent developments, information or events.

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