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Press background on Prajapati Constructions Ltd
Company profile
Prajapati Group began its journey in 1995 with the incorporation of its flagship company, Prajapati Constructions ltd. The directors, Mr Rajesh Prajapati, B.E. (Mech) and Mr Rakesh Prajapati, B.Com graduate, sons of well known philanthropist Late Shri Rohitashwa Prasad Prajapati, formed this company on the foundation of quality construction & timely possession. Over 20 projects in Navi Mumbai & Hyderabad – Which encompass over 1 Million sq. ft space and over 1500 units- have been delivered on time, if not before. The group is also into Information Technology & provides ERP Solutions to the Diamond Industry through its sister concern Fauna Technologies Pvt. Ltd. By adopting fair & transparent business practices and self imposed ethical code of conduct, Prajapati Group has succeeded in creating a brand which is associated with Trust.
 Recent press releases
Prajapati Hails Rate Cut by Banks

Leading Navi Mumbai-Raigad realty developer and Managing Director of Prajapati Constructions, Mr Rajesh Prajapati has hailed the interest rate cut by Banks. HDFC Bank and Canara Bank have taken the lead in announcing an interest rate cut that will benefit home buyers. HDFC Bank lowered base rate by... (more)
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Prajapati Hails Bottom-up Policy for Housing

The new housing policy initiatives launched today by Prime Minister Mr Narendra Modi are bound to give the much needed fillip to the real estate industry, apart from addressing the shelter needs of the urban poor, according to leading developer Rajesh Prajapati.
 
Hailing Mr Mo... (more)
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Prajapati Hails CIDCO Online Approval System

Leading Navi Mumbai-Raigad realty developer and Managing Director of Prajapati Constructions, Mr. Rajesh Prajapati has welcomed the step initiated by CIDCO, to process approvals of projects through the online approval system for the real estate industry. This is an excellent initiative taken by CID... (more)
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‘Housing for All’ Scheme – A Relief for Urban Poor, Says Rajesh Prajapati, Managing Director, Prajapati Constructions

The government’s announcement of the ‘Housing For All’ policy is a very good move by the central government. This will bring relief, especially to the urban poor of the country. The relief to builders comes in the form of order to the States and Union Territories to end the requir... (more)
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Rajesh Prajapati, MD, Prajapati Constructions Comments on RBI Rate Cut

The real estate industry welcomes the announcement of Dr. Raghuram Rajan, RBI Governor on a cut of 25 basis points in its repo rate as an excellent move said, Mr. Rajesh Prajapati, MD, Prajapati Constructions.
 
“Though a welcoming move, RBI could have done much more. How... (more)
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Post Budget Comments on Real Estate Sector: Rajesh Prajapati – MD, Prajapati Constructions Ltd

The Union Budget for 2015-16 is a big disappointment to the real estate sector, said Rajesh Prajapati – MD, Prajapati Constructions Ltd.
 
"There were huge expectations from the Government but it did not deliver on what was promised," he said.
 (more)
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Budget Expectations from Mr Rajesh Prajapati - Managing Director, Prajapati Constructions Ltd

There is an urgent need for the new government to focus with growth incentivized policies for the real estate sector in the country. Our wish list would be:
- Giving industry status to the real estate industry
- Bringing down interest rates on housing loans
- Removi... (more)
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Views of Mr. Rajesh Prajapati, MD, Prajapati Constructions on the Repo Rate Cut by RBI

The real estate industry welcomes the announcement of Dr. Raghuram Rajan, RBI Governor on a cut of 25 basis points in its repo rate as a good beginning said, Mr. Rajesh Prajapati, MD, Prajapati Constructions.
 
”It is a first step among the many expected, and a long await... (more)
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