“We welcome Honourable Railways Minister’s decision on monetising railway land. This will have a direct advantage to real estate sector as more land parcels in prime locations will be available for development under public-private partnership. However, government should also work toward... (more)
Mr. Pradeep Jain, Chairman, Parsvnath Developers Ltd. on formation of new government in Delhi:
“We would like to congratulate Shri Arvind Kejriwal on this win in Delhi elections. This shows that the party has been successful in gaining Delhi’s Aam Admi’... (more)
“RBI, in its today’s review has played very cautiously by just cutting SLR by 50 bps and not touching key rates. The apex bank was under pressure to release some fund in the market to boost purchase. By cutting SLR, it has subtly allowed banks to lend more without impacting inflation. W... (more)
Mr. Pradeep Jain, Chairman, Parsvnath Developers -
“It was a much awaited move by RBI, though came as a surprise. In fact, this decision was on the cards. Inflationary pressures are working below the expected trajectory since July last year giving RBI a much desired space to free its ... (more)
Parsvnath Developers Ltd, India’s leading real estate and infrastructure developer today reported consolidated revenue of Rs.252 Cr. for the quarter ended September 2014. Profit before tax was at Rs. 21 Cr. for Q2FY15. EBIDTA and EBIDTA margins stood at Rs. 61 Cr. and 24 % respectively. ... (more)
Comments of Pradeep Jain, Chairman, Parsvnath Developers on FDI Relaxation:
Mr. Pradeep Jain, Chairman, Parsvnath Developers says:
In order to attract more foreign investment in the construction and real estate sector this is a remarkable step. We are thankful to the ... (more)
Parsvnath Developers Ltd., India’s leading real estate and infrastructure developer today reported consolidated revenue of Rs. 96 Cr. for the quarter ended 30 June 2014. Profit before tax was at Rs. 12 Cr. for Q1FY15. EBIDTA and EBIDTA margins stood at Rs. 58 Cr. and 60 % respectively.
... (more)
