Pradeep Jain

Realty firm Parsvnath Developers Ltd today reported Rs 6.21 crore standalone net loss during the second quarter of the current fiscal.

Parsvnath eyes Rs100 cr revenue from new project at Jodhpur

The project comprising 400 housing units would be part of the 120-acre township, Parsvnath Chairman Pradeep Jain said.

Parsvnath reports Q1 loss of Rs 8 crore

Its total income from operations, however, rose to Rs 160 crore in the first quarter of 2015-16 from Rs 96.34 crore in the year-ago period.

EOW files FIR against Parsvnath, its chairman, 5 others

The FIR alleges Parsvnath misled buyers by claiming to have all approvals in 2004. It further says HDFC, PNB and ICICI Bank denied home loans as project wasn't legal. Parsvnath also refused refunds to customers.

'Budget looks balanced and proposes steady growth ahead'

While welcoming the Union Budget presented today, Pradeep Jain, chairman, Parsvnath Developers is a bit disappointed for not getting infrastructure status

Parsvnath Q3 net up 31% at Rs 14.44 cr

Commenting on the results, Parsvnath Developers Chairman Pradeep Jain said: "In the given circumstances when the entire industry is suffering sales slump, we fared comparatively well."

Developers pin hope albeit RBI's status quo

Economists believe that a status quo on key policy rates will serve as a breather for households and leveraged developers alike.

Parsvnath to build township at Gurgaon-Sohna rd

The company will develop 2 million sq ft each of group housing and independent floors. About 1 million sq ft will be plotted development.

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.

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.

IDBI sells stake 2.30% in Parsvnath

Realty firm Parsvnath today said IDBI Trusteeship Services Ltd has diluted its stake in the company to 13.36% by offloading one crore shares.

Finance Minister: Positive steps taken on cheap housing, says Parsvnath Dev

By Mr. Pradeep Jain, Chairman, CREDAI and Chairman, Parsvnath Developers

Budget Reactions: Realty sector should have been given infra status: CREDAI

By Mr. Pradeep Jain, Chairman, CREDAI and Chairman, Parsvnath Developers

Budget Reactions: With service tax hike, Parsvnath sees no reason to cheer

It is good to see that Hon’ble Minister has started paying attention to real estate sector as he proposes some steps towards improvement of affordable housing segment.

Budget Expectations: Cut taxes on mobile phone brands, says Karbonn Mobiles

The Indian mobile industry is going through a phase of transformation and to make this transformation a reality we wish for a warm co-operation from the government with responsive policy measures in the upcoming Union Budget.

Only sellers in Parsvnath Developers; stock slips 10%

Parsvnath Developers touched an intraday high of Rs 44.50 and an intraday low of Rs 39.95. At 09:37 hrs the share was quoting at Rs 39.95, down Rs 4.40, or 9.92%.

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.

Govt surpasses target for village roads

The government has exceeded its target of laying roads under the Pradhan Mantri Gram Sadak Yojna (PMGSY) in the last two financial years, the Rajya Sabha was informed today.

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.

Debt-ridden realty on shaky ground

RBI's sudden jolt of a 50 basis point hike has left the debt ridden real estate industry worried. Their key concern? Cost of funds. The real estate sector finds itself on shaky grounds on a soft patch.

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.