Urban Growth and Smart City Developments: The Contribution of Parsvnath Developers
The speed at which cities around the world are transforming is just incredible, and India remains one of the most outstanding examples in this regard. Accelerated migration towards urban centers has caused a spurt of demands for effective, efficient, and technologically advanced cities ever experienced. That is where the concept of “smart cities” comes into the picture, so it offers solutions aimed at improving the standards of living of the urban population, besides other factors contributing to economic development. Parsvnath Developers, one of the leading firms in Indian real estate markets, is very actively involved in the smart cities for their development.
What do we mean by Smart City?
With the integration of information and communication technologies into the infrastructure of smart cities, assets, resources, and services will be managed efficiently. This includes transportation, energy supply, healthcare delivery systems, and management of waste, all aimed at creating a sustainable and livable environment for residents. For this reason, connectivity, green designs, and data-driven solutions are promoted in smart cities to minimize resource consumption and urban life quality.
Parsvnath Developers’ Vision for Urban Growth
Parsvnath Developers have always been one step ahead in determining the requirements of modern urban residents. Innovation, sustainability, and luxury in a smart city concept are a perfect blend with Parsvnath Developers. With smart inputs like energy-efficient building materials and automated systems, and on the other hand, adequate green spaces, Parsvnath Developers ensures its products meet the changing demands of growing urban habitats.
Parsvnath Developers Addresses Legal Proceedings Involving CEO
Key Contributions to Smart City Projects
- Sustainable Infrastructure: Parsvnath focuses on eco-friendly designs, incorporating green landscapes and waste management solutions to minimize environmental impact.
- Technological Integration: Smart homes with automation systems, real-time monitoring, and seamless connectivity are a hallmark of Parsvnath’s developments.
- Liveability and Inclusivity: Parsvnath designs urban spaces that prioritize accessibility, green living, and community engagement, making cities more inclusive and sustainable.
In conclusion, as India steps ahead into a future counted upon by smart city development, Parsvnath Developers continue to be of utmost importance in that process, building up the urban growth through sustainable, innovative, and tech-driven solutions.
AMB Group’s Square Project Redefines Retail and Entertainment Hub
In the vibrant heart of Delhi-NCR, AMB Group is redefining the retail and entertainment landscape with its flagship development, the Square project. This iconic venture is set to become a benchmark in India for shopping, dining, and leisure.
A New Era of Retail
The Square project by AMB Group features:
- 500,000 sq. ft. of retail space
- Over 200 top brands and outlets
- State-of-the-art multiplex cinema
- Fine dining restaurants and food courts
- Unique entertainment zones
Reimagining Entertainment
Square’s entertainment highlights include:
- Virtual reality gaming experiences
- Bowling alleys and laser tag arenas
- Kids’ play areas and child-friendly facilities
- Spaces for live events and concerts
Sustainable Design
AMB Group’s dedication to sustainability is reflected in Square’s:
- Eco-friendly building design
- Energy-efficient systems and solutions
- Rainwater harvesting and water-saving measures
- Comprehensive waste management and recycling programs
Manoj Sethi, Chairman and MD of AMB Group, states, “Square is more than a shopping destination—it’s an immersive experience that blends retail, entertainment, and community. We are excited to bring this vision to Delhi-NCR.”
Investment Opportunities
Square presents excellent investment options for:
- Retail and hospitality ventures
- Commercial office spaces
- Co-working and shared office environments
Conclusion
AMB Group‘s Square project is a transformative force in the retail and entertainment industry. With its cutting-edge design, sustainable elements, and diverse attractions, Square is set to become a landmark in Delhi-NCR.
AMB Group’s Manoj Sethi: Future Trends in Commercial Real Estate
The commercial real estate industry is undergoing a major transformation. With advancements in technology, shifting consumer behaviors, and increasing environmental concerns, the sector must evolve to keep pace with a rapidly changing world. AMB Group‘s Chairman and Managing Director, Manoj Sethi, offers his insights on the key trends shaping the future of commercial real estate.
Sustainable Development
As climate change becomes a pressing issue, sustainability is now central to commercial real estate. AMB Group is leading the way with a commitment to eco-friendly practices and sustainable materials, setting a new benchmark for the industry.
Technological Integration
Technology is reshaping the commercial real estate sector, from the rise of smart buildings to the use of virtual reality in property marketing. Manoj Sethi stresses the need to embrace these innovations to improve user experiences and boost property values.
Flexible Workspaces
The popularity of coworking and flexible workspaces is challenging traditional office models. AMB Group’s projects integrate adaptable spaces that foster collaboration, creativity, and productivity.
Experiential Retail
With the growth of e-commerce, physical retail spaces must innovate to remain relevant. Manoj Sethi underscores the importance of creating immersive and engaging retail environments that enhance customer experience and drive sales.
Integrated Communities
Commercial real estate is evolving beyond individual buildings to focus on building vibrant, integrated communities. AMB Group’s developments prioritize mixed-use spaces, green areas, and social infrastructure to create holistic living and working environments.
Insights from Manoj Sethi:
“The future of commercial real estate lies in adapting to the evolving needs of consumers and leveraging technological advancements. At AMB Group, our focus is on delivering innovative, sustainable, and community-centric developments that redefine industry standards.”
Conclusion:
As the commercial real estate sector continues to evolve, AMB Group remains at the forefront under the visionary leadership of Manoj Sethi. By prioritizing sustainability, embracing innovation, and creating community-focused projects, AMB Group is redefining the future of commercial real estate.
AMB Group’s Visionary Commercial Real Estate Approach by Manoj Sethi
In the dynamic world of Commercial Real Estate, AMB Group has emerged as a leader, known for its unwavering commitment to excellence and innovation. Spearheaded by Chairman and Managing Director, Manoj Sethi, the group has set new benchmarks in real estate development, crafting world-class commercial properties.
With over two decades of industry expertise, Manoj Sethi has a deep understanding of modern business and consumer needs. This insight has empowered AMB Group to stay ahead, developing spaces that drive productivity, efficiency, and growth.
The group’s portfolio features an impressive range of innovative projects that reflect their dedication to superior design and quality. From sleek office complexes to vibrant retail spaces, each project exemplifies AMB Group’s mission to create spaces that inspire and elevate user experiences.
What Sets AMB Group Apart?
Unmatched Construction Quality
AMB Group is known for its emphasis on construction quality, ensuring that every project meets the highest standards of safety, sustainability, and aesthetic appeal. This commitment ensures that each space is built with precision and attention to detail.
Innovative Design
Their team of architects and designers creates spaces that blend functionality with striking design. From advanced technology integration to meticulous spatial planning, AMB Group ensures that each project offers an exceptional experience.
Customer-Centric Values
Under Manoj Sethi‘s leadership, customer satisfaction remains a top priority. AMB Group works closely with clients, understanding their unique needs and delivering tailored solutions that exceed expectations.
Sustainability and Social Responsibility
The group is committed to sustainable development. AMB Group integrates eco-friendly practices and materials into their projects, aiming to reduce their carbon footprint and contribute positively to the environment.
As Commercial Real Estate continues to evolve, AMB Group remains a trailblazer, guided by Manoj Sethi’s expertise and vision. Their focus on innovation, construction quality, and client satisfaction is shaping the future of real estate development.
Conclusion:
In Commercial Real Estate, AMB Group is a beacon of excellence. Manoj Sethi’s leadership drives the company to consistently deliver innovative projects that redefine urban spaces. Whether you’re a business owner, investor, or seeking an outstanding commercial property, AMB Group is the trusted partner for all your real estate needs.
Why Parsvnath Developers is Best for Modern, Sustainable Homes
The real estate market is evolving rapidly, making it difficult to find builders who seamlessly combine modern design with sustainability. Parsvnath Developers stands out as a top choice for those seeking eco-friendly, contemporary homes. Here’s why they should be at the top of your list.
Where Innovation Meets Comfort
Parsvnath Developers excels at creating homes that are both stylish and functional. Their projects showcase innovative infrastructure integrated with modern amenities. From sleek high-rise apartments to spacious homes, each property is designed for maximum comfort and convenience. With smart home technology incorporated into their developments, residents enjoy cutting-edge features that enhance daily living.
Dedicated to Sustainability
Parsvnath Developers are deeply committed to environmental responsibility. Their use of durable materials, energy-efficient systems, and water conservation practices is evident in every project. These green initiatives not only reduce the environmental impact but also help residents save on utility bills.
Green Spaces for a Healthier Community
Recognizing the importance of green spaces, Parsvnath Developers incorporate lush landscapes and tranquil parks into their projects. These areas promote healthier lifestyles and provide peaceful places for relaxation and recreation. By fostering vibrant, community-focused environments, they enhance residents’ sense of belonging and overall well-being.
Prime Locations with Excellent Connectivity
Another key advantage of Parsvnath Developers is their strategic choice of locations. Their properties are situated in well-connected areas, providing easy access to essential services and major transportation hubs. This ensures that residents can enjoy modern living with the added benefit of city conveniences.
In summary, Parsvnath Developers combines innovative design, sustainable practices, and prime locations to deliver exceptional living spaces. Choosing them means investing in a home that reflects a commitment to quality, environmental responsibility, and modern living, ensuring a lifestyle that is both forward-thinking and sustainable.
5 Reasons to lease your next store in selfie street, AMB Group property
Location drives the success in retail. With having created a brand that’s a trusted entity among the consumer and tenants, its perceptive leader, Manoj Sethi, AMB Group have aptly made a history for developing class-leading retail properties that provide unparalleled benefits to the tenants. Here are five compelling reasons to consider leasing your next store in Selfie Street.
- Prime Locations with High Footfall
AMB Group is known for strategically developing properties in the high-demand areas that attract footfalls of a significant amount of people. Be it a busy shopping district or a rapidly emerging commercial hub, AMB Group properties are at the right place at the right time. Leasing a store in any such property means better visibility and more customers, which will undoubtedly increase your chances of retail success.
- Modern Infrastructure and Design
Under the leadership of Manoj Seti, AMB Group prioritises modernity in their infrastructure. One of their properties, Selfie Street, is a proven example of their craftsmanship in architecture. They have used Spanish architecture in Selfie Street, creating inviting spaces that appeal to visitors. Such modern aesthetics not only enhance the customer experience but also reflect well on your brand.
- Flexible Leasing Options
AMB Manoj Sethi recognizes that every business will have different needs. To that end, AMB Group offers flexible leasing options in various retail formats, from small boutiques to large anchor stores. Such flexibility allows the business to grow and succeed in well-planned retail environments.
- Excellent Support and Maintenance
The biggest advantage of leasing with AMB Group has always been their commitment to maintain their properties. They provide great provisions in making sure that the property is always in good order, and there is always good support for maintenance and repairs. This quality focus helps retailers to maintain a professional and welcoming ambiance for customers.
- Reputation and Trust
AMB Group’s strong reputation, built by Manoj Sethi AMB, adds value in terms of tenants trusting to associate with the company. Leasing at an AMB property means associating your business with a trusted name within the real estate industry, known for reliability and quality.
With prime locations, modern designs, and exceptional support, leasing a retail space with AMB Group can elevate your business. Explore the opportunities today and see how Selfie Street, AMB Group can be the perfect fit for your next retail venture.
Clarification on Legal Matters: Parsvnath Developers CEO
In light of recent news reports, Parsvnath Developers Limited has provided clarity on the situation involving their Managing Director & CEO, Mr. Sanjeev Jain, and a legal matter currently in the public eye. The issue relates to a consumer complaint from 2017 concerning a delay in handing over possession of a property unit.
The case was addressed by the Hon’ble National Consumer Disputes Redressal Commission (NCDRC) in New Delhi, which led to directives requiring Parsvnath Developers to make payments to the omplainant. While substantial payments were made as per the NCDRC’s order, a subsequent delay in the full refund process resulted in the issuance of a non-bailable warrant against Mr. Jain. The company has since taken steps to resolve the matter by depositing the necessary funds with the court, effectively addressing the issue related to the warrant.
Parsvnath Developers, a longstanding and reputable entity in the real estate industry, reaffirms its commitment to complying with all legal obligations and protecting the interests of its customers. The company and its promoters have consistently demonstrated their dedication to upholding the law and ensuring customer satisfaction.
Disclaimer: The information in this article is based on an official communication submitted to SEBI as per the regulatory requirements for a public limited company.
The Journey Behind Parsvnath Developers Ltd’ Iconic Projects
Parsvnath Developers Addresses Legal Proceedings Involving CEO
Parsvnath Developers Limited has issued a statement in response to recent media reports concerning the involvement of their Managing Director & CEO, Mr. Sanjeev Jain, in a legal matter. The company wishes to clarify that, while there have been discussions regarding legal proceedings related to a complaint from an allottee regarding delayed possession of a unit, Parsvnath Developers is fully dedicated to adhering to the directives of the Hon’ble National Consumer Disputes Redressal Commission (NCDRC) in New Delhi.
The company recognizes that these legal proceedings stem from a consumer complaint filed in 2017, which resulted in a ruling by the NCDRC. Parsvnath has already made significant payments to the complainant as mandated by the NCDRC. However, an issue with the repayment process led to the issuance of a non-bailable warrant against Mr. Sanjeev Jain. The company has since resolved the situation by depositing the required funds with the court, effectively addressing the warrant.
Parsvnath Developers stresses that both the company and its promoters have a longstanding reputation in the real estate industry as compliant and law-abiding entities. They reaffirm their commitment to protecting the interests of all allottees and adhering to court directives. The company assures its stakeholders that it remains focused on fulfilling its obligations and responsibilities to its customers.
This statement reflects the company’s ongoing dedication to transparency and its commitment to maintaining the highest standards of integrity in its business practices.
Disclaimer: This information is based on an official statement issued by Parsvnath evelopers Limited.
Parsvnath Royale: Panchkula Developers’ Most Prestigious Project
Parsvnath Royale, developed by Parsvnath Developers Limited (PDL), is a distinguished residential complex set in the serene and picturesque environment of Panchkula. Known for its lush greenery and tranquil surroundings, Panchkula is an ideal location for those seeking a luxurious yet connected lifestyle, with easy access to Chandigarh. Parsvnath Royale exemplifies the developer’s commitment to creating homes that blend modernity, comfort, and community, catering to the aspirations of contemporary homeowners.
The complex features spacious, intelligently designed apartments that maximize natural light and ventilation, ensuring a healthy living environment. With its modern architectural design, Parsvnath Royale stands out as a desirable address, offering top-notch amenities for all age groups. From state-of-the-art lobbies to beautifully landscaped gardens, every aspect of the project reflects high-class living.
Safety and security are paramount at Parsvnath, with round-the-clock surveillance and advanced safety measures to ensure peace of mind for residents. Moreover, the project emphasizes sustainability, incorporating energy-efficient systems that promote an eco-friendly lifestyle, aligning with Parsvnath Developers’ commitment to environmental responsibility.
Strategically located, Parsvnath Royale allows residents to enjoy the best of Panchkula while being close to urban conveniences. The area’s rapid growth and planned infrastructure make it a sought-after destination for homebuyers.
In summary, Parsvnath represents a perfect fusion of luxury, sustainability, and community living. It stands as one of Panchkula’s most prestigious projects, offering a lifestyle that reflects elegance and comfort while providing a sense of belonging in a vibrant community. For those seeking a refined living experience, Parsvnath Royale truly encapsulates modern living amidst nature’s beauty.
Understanding Black Money Clauses and Provisions
Understanding Black Money
Black money refers to income or funds earned through illegal activities or undisclosed transactions that evade tax authorities and government regulations. Common sources of black money include:
- Underreporting Income: Individuals or businesses may intentionally report less income to reduce their tax liabilities.
- Illegal Activities: Profits from illegal activities such as drug trafficking, smuggling, human trafficking, arms dealing, and corruption often contribute to black money.
- Tax Evasion: This involves deliberately avoiding taxes through methods like concealing income, inflating expenses, creating fake invoices, or utilizing offshore accounts to hide wealth.
- Unaccounted Cash Transactions: Cash transactions without proper documentation can lead to the accumulation of black money.
- Real Estate Transactions: In many countries, black money is laundered through real estate, with properties purchased using unaccounted cash or through shell companies to obscure true ownership.
- Parallel Economy: The informal economy, where transactions occur outside taxation and regulation, contributes to black money, including businesses like street vendors and unregistered firms.
- Shell Companies and Tax Havens: Black money can be funneled through shell companies and offshore accounts in tax havens to disguise the true source of income and evade taxes.
- Money Laundering: Black money may be laundered through complex financial transactions or through legitimate businesses, making its origins untraceable.
- Corruption: Corruption in government and public services generates black money through bribery, kickbacks, and embezzlement.
The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, was enacted on May 26, 2015, and applies throughout India from Assessment Year 2016-17.
Section 3: Charging Section
- Section 3(1): Rate of Tax Every assessee is liable to pay a tax of 30% on undisclosed foreign income and assets from the previous year. Undisclosed assets located outside India will be taxed based on their value in the year they come to the attention of the assessing officer (AO).
- Section 3(2): Value of Undisclosed Assets The fair market value of an asset (including financial interests) will be determined as per Rule 3 of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015.
Section 4: Scope of Total Undisclosed Foreign Income and Assets
Total undisclosed foreign income and assets for any previous year include:
- Income from sources outside India that has not been disclosed in tax returns filed under the Income Tax Act, 1961, by the due date.
- Income from sources outside India for which no return has been filed under the Income Tax Act, 1961.
- The value of any undisclosed asset located outside India.
Notes:
- Income from sources outside India already included in any assessment or reassessment under the Income Tax Act will not be counted as undisclosed.
- Any income or asset included under this Act will not be considered under the Income Tax Act.
Section 5: Computation of Total Undisclosed Foreign Income and Assets
- Expenditures or losses cannot be offset against undisclosed foreign income.
- If any asset is acquired from previously assessed income, such income should be deducted from the calculation.
- For immovable properties, the following amount shall be deducted:FMV of Asset×White Money (Disclosed Income)Total Cost of Asset\text{FMV of Asset} \times \frac{\text{White Money (Disclosed Income)}}{\text{Total Cost of Asset}}
Services Addressing Black Money Issues
Chartered Accountants offer various services to assist clients in legally and ethically navigating issues related to black money:
- Tax Compliance and Planning: Assisting individuals and businesses in complying with tax laws and optimizing tax liabilities while ensuring accurate income reporting.
- Tax Representation: Representing clients before tax authorities, managing tax notices, audits, and negotiating settlements.
- Voluntary Disclosure Schemes: Helping clients disclose previously undisclosed income or assets under schemes offering reduced penalties or immunity from prosecution.
- Forensic Accounting: Investigating financial irregularities and providing expert analysis in legal matters related to black money and money laundering.
- Compliance Reviews and Internal Controls: Conducting assessments to identify weaknesses in internal controls that may lead to black money generation and recommending improvements.
- Anti-Money Laundering (AML) Compliance: Advising businesses on AML regulations and helping implement procedures to prevent money laundering.
- Business Restructuring and Asset Protection: Assisting in restructuring operations legally to protect assets from liabilities related to black money investigations.
- Financial Planning and Wealth Management: Providing services to help individuals manage their assets in compliance with tax laws, ensuring transparency in financial transactions.