Parsvnath pays its 3rd installment for rail land

27 Aug 2013 CW Staff

For the purchase of 38 acres of Indian Railways at Rs 1,651 crore, realty firm Parsvnath Developers has paid Rs 500.86 crore as third installment to the Rail Land Development Authority (RLDA). Parsvnath had bought this land, located at Sarai Rohilla-Kishanganj in Delhi from RLDA in 2010 through an auction.

The company has so far made payments of three instalments together with interest aggregating to Rs 1,161.46 crore, Parsvnath Group said in a statement.

A development agreement was executed between RLDA and Parsvnath Rail Land Project in May this year and a special purpose vehicle incorporated for implementing this project. The company will develop luxury apartments, shopping areas, railway housing, railway service building, hospital and other amenities in the land.

Infrastructure Urban

11 May 2026

Profit after tax rises tenfold as ARIS turns net cash positive

Arisinfra Solutions Limited reported strong FY26 results, with revenue rising 39 per cent year-on-year to Rs 10.67 billion. Profit after tax increased more than tenfold to Rs 603 million, while EBITDA margin expanded to 9.43 per cent from 6.53 per cent in FY25.The company turned net cash positive during the year, with net debt-to-equity improving from 1.25x to -0.09x. Cash flow from operations crossed Rs 1 billion, while net working capital days reduced from 110 to 66, reflecting stronger cash generation and improved operating efficiency.Q4 FY26 was the company’s strongest quarter, with reve..

Duravit Launches Manhattan Faucet Series

Duravit has introduced its Manhattan faucet series, bringing a cube-inspired design language to contemporary bathroom spaces with a focus on urban aesthetics, functionality and water efficiency.The German bathroom solutions brand said the collection features clean lines, precision edges and reflective surfaces created through advanced manufacturing processes. The range includes faucets for sinks, bidets, bathtubs and showers, offering a uniform design language across bathroom interiors.The sink faucet range is available in S, M, and XL sizes, along with concealed-installation variants. Finish ..

Sdeira Launches 27,000-Bed Workforce Community

Sdeira Group, part of AD Ports Group, has launched Aryam–KEZAD Al Mamourah, an integrated staff accommodation community with a total capacity of 27,000 beds in Abu Dhabi. The announcement was made during Make it in the Emirates 2026.Located within Al Mamourah in KEZAD A, the development offers proximity to Khalifa Port, the surrounding logistics zone, and the Abu Dhabi–Dubai transport corridor. The project will be developed in two phases, with Phase One comprising 14,000 beds across a 110,200 sq m site and a built-up area of 137,800 sq m.The community will include central kitchens, dining ..