Parsvnath to foray into overseas realty

New Delhi: Real estate developer Parsvnath Developers Ltd plans to enter the international real estate market by forming offshore development companies in various countries to kick off projects overseas, even as the real estate market in India starts to slow. The companies would be set up as 100% units of Parsvnath. “We plan to float offshore companies under the Parsvnath banner,” said Parsvnath chairman Pradeep Jain.
“The business structure for our foray into the offshore market will be ready in a month’s time.”