Sector 1, NH-48, Dharuhera
Parsvnath City
Developer: Parsvnath Developers Ltd. (Listed: BSE/NSE)
KS Lodhi's Verdict
“Cheapest plots in Dharuhera with highest buyer demand (35-40 responses per listing on 99acres). But developer is technically insolvent with Rs -1,696 Cr net worth. Buy ONLY resale plots with clear documentation and independent legal verification. Do not expect any developer support for maintenance or infrastructure.”
-- Lodhi Real Estate & Buildwell, 20+ years in Dharuhera, 750+ deals
Key Facts
| Developer (Legal) | Parsvnath Developers Limited |
| Sector | Sector 1, NH-48, Dharuhera |
| Type | Integrated Township (Plots + Villas + Apartments + Floors) |
| Total Plots | 712 plots |
| Plot Sizes | 240 - 750 sq.yd (resale) |
| Launch | January 2007 |
| Rate | Rs 24,000 - 35,000/sq.yd |
| RERA | Not found on HRERA portal (verified March 2026) |
| Risk Level | Very High Risk |
Risk Disclosure -- Read Before Buying
Developer is under NCLT insolvency proceedings. Negative net worth of Rs -1,696 Crore. Supreme Court ruling (Feb 2026) against the developer for delayed possession. Share price collapsed to Rs 8.30 (penny stock). Q3 FY26 net loss Rs -143 Crore with 358% YoY deterioration. The company is technically insolvent -- liabilities exceed assets. Plot ownership may be safe on resale, but no new development, maintenance, or infrastructure improvements can be expected from this developer.
Pros & Cons
Pros
- Cheapest rates in Dharuhera -- Rs 24K-35K/sq.yd vs Rs 55K-85K for premium societies
- Large township (100+ acres) with established basic infrastructure
- Highest buyer demand -- 35-40 responses per listing on 99acres (price-driven)
- Good connectivity -- directly on NH-48
- Large plot sizes available (240-750 sq.yd) -- hard to find elsewhere
Cons
- Developer under NCLT insolvency -- negative net worth Rs -1,696 Crore
- NOT RERA registered -- no statutory consumer protection
- Supreme Court ruling (Feb 2026) against developer for delayed possession with 8% interest penalty
- No new infrastructure development expected -- developer cannot invest
- Maintenance quality uncertain -- developer-managed services may deteriorate further
- Share price collapsed to Rs 8.30 -- market has zero confidence in the company
Who Should Buy
Best For
Experienced investors who understand developer risk, buyers specifically seeking large plots (400+ sq.yd) at budget prices, resale buyers with independent legal verification who can handle maintenance themselves.
Avoid If
You are a first-time buyer, you expect developer support for maintenance/infrastructure, you need bank financing (some banks may decline), or you are risk-averse in any way.
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20+ years experience · 750+ deals · RERA Registered
Lodhi Real Estate — RERA registered agent with 20+ years in Dharuhera. 750+ deals closed.