Parsvnath Developers : wins the ‘Front Runner of Indian Realty’ award at the India International Property Awards (IIPA) 2015

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Parsvnath Developers Limited wins the 'Front Runner of Indian Realty' award at the India International Property Awards (IIPA) 2015

India's 1st people's choice real estate awards

New Delhi, 26 September, 2015: Parsvnath Developers Limited, one of the India's leading Real Estate and Infrastructure Development Companies was announced as the winner of the category 'Front Runner of Indian Realty' in the inaugural edition of India International Property Awards (IIPA) 2015 - India's 1st people's choice real estate awards. On winning the award, Mr. Pradeep Jain, Chairman, Parsvnath Developers Limited said, 'This is a very special award for Parsvnath Developers Limited as it reflects the confidence and faith of people across the nation in brand 'Parsvnath' and its commitment to build a better world. I express my gratitude to the people for their votes that enabled Parsvnath Developers emerge as the winner of the category -Front runner of Indian Realty.' 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

Ms. Neetal Narang Head Corporate Communications Parsvnath Developers Limited Email - [e-mail] Mr. Jatin Khattar Senior Manager - Corporate communications Parsvnath Developers Ltd. Mobile: [phone] Email - [e-mail]

Ms Jyoti Sharma Adfactors PR Pvt. Ltd. Mobile: [phone] Office: 011-40565100 Email: [e-mail]

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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.