<?xml version="1.0" encoding="UTF-8"?>
<!--CIRP V1.0 (10-04-2026)-->
<xbrli:xbrl xmlns:in-capmkt="https://www.sebi.gov.in/xbrl/2023-09-30/in-capmkt" xmlns:in-capmkt-ent="https://www.sebi.gov.in/xbrl/Corporate_Insolvency_Resolution_Process/2023-09-30/in-capmkt/in-capmkt-ent" xmlns:in-capmkt-roles="https://www.sebi.gov.in/xbrl/Corporate_Insolvency_Resolution_Process/2023-09-30/in-capmkt-roles" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:nonnum="http://www.xbrl.org/dtr/type/non-numeric" xmlns:in-capmkt-types="https://www.sebi.gov.in/xbrl/2023-09-30/in-capmkt-types" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:net="http://www.xbrl.org/2009/role/net" xmlns:num="http://www.xbrl.org/dtr/type/numeric" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:iso4217="http://www.xbrl.org/2003/iso4217" xmlns:negated="http://www.xbrl.org/2009/role/negated" xmlns:xbrldi="http://xbrl.org/2006/xbrldi" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:xl="http://www.xbrl.org/2003/XLink"><link:schemaRef xlink:type="simple" xlink:href="in-capmkt-ent-2023-09-30.xsd"/><xbrli:context id="MainI"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/NSESymbol">PARSVNATH</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2026-06-17</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="CorporateInsolvencyResolutionProcessEvent1D"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/NSESymbol">PARSVNATH</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2026-06-17</xbrli:startDate><xbrli:endDate>2026-06-17</xbrli:endDate></xbrli:period><xbrli:scenario><xbrldi:explicitMember dimension="in-capmkt:CorporateInsolvencyResolutionProcessEventAxis">in-capmkt:CorporateInsolvencyResolutionProcessEvent1Member</xbrldi:explicitMember></xbrli:scenario></xbrli:context><xbrli:context id="AppointmentOfResolutionProfessional_D"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/NSESymbol">PARSVNATH</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2026-06-17</xbrli:startDate><xbrli:endDate>2026-06-17</xbrli:endDate></xbrli:period><xbrli:scenario><xbrldi:explicitMember dimension="in-capmkt:CorporateInsolvencyResolutionProcessAxis">in-capmkt:AppointmentOfResolutionProfessionalMember</xbrldi:explicitMember></xbrli:scenario></xbrli:context><xbrli:context id="AppointmentOfResolutionProfessional_I"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/NSESymbol">PARSVNATH</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2026-06-17</xbrli:instant></xbrli:period><xbrli:scenario><xbrldi:explicitMember dimension="in-capmkt:CorporateInsolvencyResolutionProcessAxis">in-capmkt:AppointmentOfResolutionProfessionalMember</xbrldi:explicitMember></xbrli:scenario></xbrli:context><in-capmkt:NameOfTheCompany contextRef="MainI">PARSVNATH DEVELOPERS LIMITED</in-capmkt:NameOfTheCompany><in-capmkt:NSESymbol contextRef="MainI">PARSVNATH</in-capmkt:NSESymbol><in-capmkt:ISIN contextRef="MainI">INE561H01026</in-capmkt:ISIN><in-capmkt:TypeOfAnnouncement contextRef="MainI">New</in-capmkt:TypeOfAnnouncement><in-capmkt:TypeOfCorporateInsolvencyResolutionProcessEvent contextRef="CorporateInsolvencyResolutionProcessEvent1D">Appointment/ Replacement of the Resolution Professional</in-capmkt:TypeOfCorporateInsolvencyResolutionProcessEvent><in-capmkt:RemarksForExchangeNotForWebsiteDissemination contextRef="MainI">NCLT Order in this disclosure has been considered the Order vide which Hon'ble NCLT admitted Sec 7 application and appointed Interim Resolution Professional (IRP).

Since Committee of Creditors has resolved to continue IRP as Resolution Professional, no further approval of Hon'ble NCLT is required.</in-capmkt:RemarksForExchangeNotForWebsiteDissemination><in-capmkt:DateOfReport contextRef="MainI">2026-06-17</in-capmkt:DateOfReport><in-capmkt:TypeOfSubEventOfAppointmentOrReplacementOfResolutionProfessional contextRef="AppointmentOfResolutionProfessional_D">Appointment</in-capmkt:TypeOfSubEventOfAppointmentOrReplacementOfResolutionProfessional><in-capmkt:RationaleForAppointmentOrReplacementOrOthersSubEvent contextRef="AppointmentOfResolutionProfessional_I">The Committee of Creditors in its 1st meeting held on June 10, 2026 inter-alia considered the appointment of Interim Resolution Professional as Resolution Professional of the Company. The e-voting process of the said meeting concluded on June 16, 2026 at 07.00 P.M. and Mr. Manoj Kumar Anand (IBBI Registration No. IBBI/IPA-001/IP-P00084/2017-18/10180) has been appointed as the Resolution Professional with requisite majority vote.</in-capmkt:RationaleForAppointmentOrReplacementOrOthersSubEvent><in-capmkt:DateOfCOCMeetingApprovingAppointmentOrReplacementOrOthersSubEvent contextRef="AppointmentOfResolutionProfessional_I">2026-06-10</in-capmkt:DateOfCOCMeetingApprovingAppointmentOrReplacementOrOthersSubEvent><in-capmkt:DateOfNCLTOrder contextRef="AppointmentOfResolutionProfessional_D">2026-04-30</in-capmkt:DateOfNCLTOrder><in-capmkt:SalutationOfResolutionProfessional contextRef="AppointmentOfResolutionProfessional_D">Mr.</in-capmkt:SalutationOfResolutionProfessional><in-capmkt:NameOfResolutionProfessional contextRef="AppointmentOfResolutionProfessional_I">Manoj Kumar Anand</in-capmkt:NameOfResolutionProfessional><in-capmkt:WhetherTheCompanyIsInReceiptOfCopyOfNCLTOrder contextRef="AppointmentOfResolutionProfessional_D">true</in-capmkt:WhetherTheCompanyIsInReceiptOfCopyOfNCLTOrder></xbrli:xbrl>