Parsvnath Developers is in focus after posting a rather weak set of Q2 numbers. In an interview to CNBC-TV18, Pradeep Jain, Chairman of the company discussed the Q2 performance and gave his outlook for the future.

Parsvnath expects real estate prices to rise post Land Bill

Pradeep Jain of Parsvnath Developers believes their company will not be affected by the RBI's move of restricting banks to pay home loans with 80:20 scheme.

Base rate hike won't impact sales: Parsvnath Developers

Property prices keep increasing on the back of hike in input costs, but that does not affect sales, says Pradeep Jain, Chairman, Parsvnath Developers.

Parsvnath unveils 'The 25:75 House of Happiness' scheme

Recently, Delhi-based Parsvnath unveiled a new scheme called the ‘The 25:75 House of Happiness‘. Parsvnath‘s scheme is for 16 residential and four commercial projects in several cities including Delhi, Greater Noida, Ghaziabad, Sonepat, Panchkula and Moradabad.

Escrow a/c to keep 70% cash tough clause: Parsvnath

The Real Estate Bill will prevent unorganised developers from entering the sector, says Pradeep Jain of Parsvnath Developers.

25:75 scheme to benefit consumers: Parsvnath Developers

Parsvnath Developers launched a ‘25:75 House of Happiness‘ . In this the consumer needs to pay 25 percent now and 75 percent at the time of possession.

NCR land sale: Parsvnath to finish deleveraging in 15mths

Real estate major Parsvnath Developers is looking to reduce the debt by selling some of the land parcels it holds across India. The net debt currently stands at Rs 1,250 crore and it aims to complete the deleveraging of its balance sheet in the span of 15 months.

Offloading of pledged shares only market gossip: Parsvnath

News of promoters offloading their pledged shares in the market is only market gossip, says chairman of the company, Pradeep Jain to CNBC-TV18.

To book larger rev in coming quarters: Parsvnath Developers

Chairman Pradeep Jain of Parsvnath Developers clarified that the EBITDA margins eroded by rising input costs. He further elucidated that the prices were up by 20% in past six months in Delhi. Jain expects the company to book larger revenue in coming quarters. "We are in tie-up with Choice Hotels International for the hotels business," he added.

Despite RBI's move, home loan demand won't fall: Parsvnath

With RBI's decision today, all the loans are set to become costlier. The car and home loans and the EMIs will also be impacted with this move. Pradeep Jain, chairman of Parsvnath Developers told CNBC-TV18 that the demand for home loans would not be sluggish.

Parsvnath Developers plans fund raising to reduce debt

Parsvnath Developers announced it first quarter results for FY12. The company reported a consolidated net profit of Rs 25.8 crore in the quarter ended June 2011. The company has been planning for Rs 2000 crore QIP. Chairman Pradeep Jain said that they would use this fund to reduce their debt on the balance sheet.

Rate hike won't impact earnings growth largely: Parsvanath

Pradeep Jain, Parsvanath Developers speaking to CNBC-TV18 about RBI's move of hiking key lending rates by 50bps each said, this was quite unexpected and would lead to an increase in cost of funds for the real estate developer.

Parsvnath aims to sell 6-7m sq ft in FY12 on robust demand

Reading a strong demand in northern India space, real-estate major Parsvnath Developers are all set to launch township on SEZ property in Gurgaon. “The company aims to sell 6-7 msf in FY12,” said chairman Pradeep Jain in an interview with CNBC-TV18.

Parsvnath in talks with PE for stake sale in Sonepat plan

In an interview with CNBC-TV18, Pradeep Jain, chairman of Parsvnath Developers said that company is in talking with couple of private equity (PE) investors for selling stake in Sonepat project.

Parsvnath Developers plans to cut debt by Rs 100-150cr

The company`s current debt stands at Rs 1100 crore on group level and it has no plans to to acquire new loans in the near term, said Pradeep Jain, chairman of Parsvnath Developers. The company plans to reduce debt by another Rs.100-150cr in the next 45-60days, he added.

Will reduce debt to Rs 500-700cr by fiscal-end: Parsvnath

Parsvnath Developers, has inked an Rs 100 crore agreement with SUN-Apollo India Real Estate Fund LLC, an international real estate private equity fund for an investment in its premium residential project at Ghaziabad, Uttar Pradesh.