1. Parsvnath Developers Ltd is developing 153 million square feet (14.21 million square meters) of townships, shopping malls (including malls at New Delhi's metro rail stations) and trade zones in 17 states across India.
2. It aims to invest as much as 50 billion rupees in the next two years to buy land and build homes.
But:
1. India wants to cool land prices that have as much as tripled in three years and driven the rupee to a nine-year high.
2. It has banned overseas borrowing by the real estate developers.
3. The Reserve Bank of India asked banks to curb loans to the real-estate sector, making it harder for developers to obtain cheap financing.
So:
1. Parsvnath plans to borrow 20 billion rupees in the next two years
2. It will meet the remaining 30 billion rupees from its own cash reserves and partnerships with investors
3. It plans to raise 5 billion rupees in the next three months
Where there is a will and also wealth there are many ways to revenue
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