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Parsvnath Developers’ Rs 1,034 crore claim against RLDA upheld

30 Nov 2017 Evaluate

An arbitral tribunal has upheld Parsvnath Developers’ claim of Rs 1,034 crore in a dispute with Rail Land Development Authority (RLDA) related to a project in the national capital. RLDA has been directed to pay this amount, along with 4 per cent interest rate from July 15, 2015 till the payment date.

In February 2016, Parsvnath Developers had terminated its development agreement with RLDA due to a title dispute related to a 38-acre land stretch that the company had bought for Rs 1,651 crore.

Parsvnath Developers has diversified portfolio, which includes, integrated townships, group housing, commercial complexes, hotels, IT parks, among others.

Parsvnath Developers Share Price

9.02 -0.01 (-0.11%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Lodha Developers 871.70
Dilip Buildcon 457.55
DLF 601.80
Oberoi Realty 1710.00
Ahluwalia Contract(I 832.90
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