The Hon’ble finance minister has presented an excellent Union Budget. The Union Budget has particularly focused on rural development and large infrastructure development in order to spur economic growth of the country, to come at par with global infrastructure.
Parsvnath Developers Limited, one of India’s leading Real Estate and Infrastructure Development Companies today reported consolidated revenue (including other income) of Rs. 75 Cr. for the quarter ended September 30, 2015. EBIDTA and EBIDTA margins stood at Rs. 15 Cr. and 20 % respectively. L... (more)
The Reserve Bank of India in its fourth Bi-monthly monetary policy, cut the benchmark repo rate by 50 basis points, lowered the inflation forecast for January 2016 to 5.8% from 6% earlier, consequently adjusted the reverse repo rate under the liquidity adjustment facility (LAF) to 5.75% and kept th... (more)
Parsvnath Developers Limited, one of India’s leading Real Estate and Infrastructure Development Companies, won the Smart Project of the Year award by Construction Week at the 5th Annual Construction Week India Awards.
The company received the award for its key co... (more)
Mr. Pradeep Jain, Chairman, Parsvnath Developers Limited has been felicitated with Construction World Architect & Builder Award, at 10th CWAB Awards for excellence.
The Construction World Architect & Builder Award is India's most coveted awards for the Architectur... (more)
Quotes by Mr. Manoj Gaur, President, CREDAI NCR, Mr. Pradeep Jain, Chairman, Parsvnath Developers and Mr. Aman Agarwal, Director, KV Developers on RBI Credit Policy:
Mr Manoj Gaur, President, CREDAI NCR, says on RBI policy:
“Since the RBI has kept the status quo... (more)
Mr Pradeep Jain, Chairman, Parsvnath Developers Ltd.
“It is happy to see that the government has come up with a plan on urban development and smart cities. Introduction of interest subvention scheme for urban poor under Housing for All scheme; upgrading urban infrastructure unde... (more)
Mr. Pradeep Jain, Chairman, Parsvnath Group Says on Land Pooling Policy:
“It is a welcome move by the government as it will open up a floodgate to develop around 25,000 hectares of land in Delhi itself. This will facilitate affordable housing development in Delhi which was erstwhile u... (more)
“Mr. Rajan is slowly becoming a man of surprises. Indeed, it is a welcome move by the apex bank. This will give a much needed respite to the real estate sector in particular which was unfortunately left unheard in the Union Budget. A 25 bps cut would ease out liquidity in the market and would... (more)
While welcoming the Union Budget presented today, Mr. Pradeep Jain, Chairman, Parsvnath Developers is a bit disappointed for not getting infrastructure status. Appended herewith is the complete reaction on behalf of Mr. Pradeep Jain for your kind consideration.
