Pradeep Jain, founder-chairman, Parsvnath Developers, is committed to executing existing projects thus delighting his customers
WE MANAGED TO REACH AROUND RS 1,100 CRORE THROUGH THE IPO.
At a time when the real estate market is hanging on by a thread and most developers have taken a serious hit, prospects seem bleak. Hardly any new projects are being launched, and the ones that have been unveiled are not generating much interest among buyers, let alone sales. This would seem like an easy time to crumble under the mounting pressure. But there are those who rise to a challenge.
Pradeep Jain, founder-chairman, Parsvnath Developers Ltd (PDL), is one such person. In these adverse conditions, he is looking to tread a different path. Instead of focussing on the negative, Jain believes this is an opportunity for developers to consolidate the market by completing what’s already on their plate, thus winning back the trust of buyers, and laying down the foundation for a mature market.
FOUNDED ON DIVERSITY
“I did my education in Delhi and post that, in 1984, I started in the real estate business as a broker,” reminisces Jain. At a time when the real estate sector as a whole was unplanned, and few brokers in the country had a large presence as opposed to multinational brokers today like JLL, CBRE, and others Jain was a broker with leading developers and had 10 offices spread across the country.
Denne historien er fra July 2016-utgaven av Construction Week.
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Denne historien er fra July 2016-utgaven av Construction Week.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
INFRA COMPANIES
In a significant move to alleviate traffic congestion and enhance connectivity, the Mumbai Metropolitan Region Development Authority (MMRDA) appointed contractors for key road infrastructure projects in Mumbai and Thane.
Global standards
Glass Wall Systems has been revolutionising the facade industry
STRIKING THE PERFECT CHORD
The 14th Construction Week Awards was an evening to remember with 1 industry turning up in full strength
REAL ESTATE
For the past six years, we have resorted to ranking Top 100 real estate and infra companies.
THE DYNAMICS PROPELLING REAL ESTATE GROWTH IN KEY CITIES
Dr Gautam Kanodia, founder, KREEVA, co-founder, Kanodia Group, explains the trends
DESIGN PAR EXCELLENCE
Design International has been at the forefront of retail-led design for 60 years. Staying sustainable and contemporary is their mainstay
dormakaba EXPANDS ITS MARKET PRESENCE IN INDIA
dormakaba expands its presence in India with the opening of a new Customer Experience Center in New Delhi, joining its existing centers in Mumbai and Bangalore. These hubs offer customers direct access to products, solutions, and on-site training.
GODREJ PROPERTIES ACQUIRES ITS 11TH NEW PROJECT; TAKES BOOKING VALUE TO RS 22,950 CRORE!
Will develop a group housing plot at Golf Course Road in Gurugram
SIGNATURE GLOBAL AWARDS RS 1203 CRORE CONSTRUCTION CONTRACT TO CAPACIT'E
First phase comprises 2.1 million sq-ft
HOUSING SALES IN MAJOR CITIES DROP BY 11% IN Q3 2024, SURPASSING NEW PROPERTY LAUNCHES: ANAROCK GROUP
Six salient growth levers include urbanization, demographic shifts, digitalization, sustainability
