“About 80 million square feet (msf) is on fast-track execution, which we plan to complete by March 2013. Out of this, 40 msf is pre-sold and will generate Rs4,000 crore for us. The remaining 40 msf will generate another Rs9,000 crore. So as of now, we are focusing to complete the 80 msf and generate large cash for the company. The moment we achieve this, our balance-sheet will be completely debt-free with large cash reserves,” said Pradeep Jain, chairman, Parsvnath. The company owns a total of 195 msf. The properties are mainly located in Delhi and the National Capital Region.
On debt reduction plans, Jain said, “Our debt position is very comfortable. From a peak of Rs2,200 crore, we are almost half at around Rs1,100 crore as of now. By the end of this calendar year, we hope to bring the debt at around Rs500-600 crore.” The current debt-equity ratio of the company stands at 0.43%.
“Debt servicing will be done completely through internal generations and no fundraising at the parent company level is on the cards as of now. Also, funds already raised on the special purpose vehicle level and through the forthcoming deals will not be utilised for the repayment of the debt. We may monetise non-core assets if required,” Jain said.
Parsvnath Developers, New Delhi-based real estate company, is planning to generate revenues worth Rs13,000 crore in the next two years. The company, which currently has debt of Rs1,100 crore, also plans to become completely debt-free by March 2013. The revenues were Rs455 crore during first six months of the current fiscal.
Excellent post.I am glad that I finally came on this website! Thanks for sharing and keep up the good work. Emaar mgf palm drive offer luxury apartment in gurgaon.
ReplyDeletePalm Drive is a good place to invest in India.
Thanks for the good post! Apartments in whitefield itpl
ReplyDeleteAwesome blog .Your post having significant information, I have some suggestion about property in noida, 3 bedroom flat in noida extension.
ReplyDeleteIt is a very good and informative blog you posted here. Other important information I would like to provide here another great information about WTC Gift City residential project. It is developed by World Trade Centre, New York with the collaboration of Virginian Red India. It is a mega project in India and considered as a first smart city in India. It has an international infrastructure and provide another level of comfort and joyful living lifestyle. As we know that World Trade Centre has made many successful building in many countries and they are known for their quality and reliable work. They had come up with their another huge project in India that is Gift City. If you are looking to buy a property then you should take a look at WTC Gift City residential project. They are offering residential studio apartments at very logical or affordable rates. Actually Gift City has 4 towers in which 3 out of 4 is for commercial purpose and 1 tower will be utilized for residential purpose. Go and grab the best opportunity to have a property in world's one of the best places.
ReplyDeleteIts an awesome, appropriate, customized information. It is great to have the opportunity to read a good quality article with useful information.
ReplyDeleteCar Rental Services in India
Ajnara Le Garden is a project build by Ajnara Group well connected to NH-24.
ReplyDeletehttp://ajnara-legarden.in/
Mahagun Mywoods is a part of Mahagun group at Greater Noida. A home in the woods, yet in the city.
ReplyDeletehttp://www.mahagun-mywoods.com/
Mahagun Mantra at Sector 10, Greater Noida West
ReplyDeletehttp://www.mahagun-mantra.in/
Supertech launch new Housing scheme with name of Supertech Housing Scheme at Noida West. For more information please visit on http://www.supertech-housingscheme.in/
ReplyDeleteNice article...ATS Knightsbridge featuring the finest Luxury Residencies in the NCR Region. A lavishly curated 6.15 acre development less than 25 minutes from South & East Delhi, featuring five majestic 47 storey skyscrapers. Inside the landscape, uber - sized 6000+ sq ft. 4bed sky villas , a 35,000 sqft Clubhouse & right next door GRADE A commercial & retail , with over 20 fine dining options. An address, truly for modern day royalty.
ReplyDeletevisit: https://www.atsnewprojects.com/ats-knightsbridge.html
Sikka Kimaantra Greens being developed and Maintained by Sikka Group. This awesome project is based out at sector-79, Noida. Sikka Kimantra Greens is spread across 15 acres of greenery in Sector-79 of Noida. For more information please visit on http://www.sikkakimaantragreens.com/
ReplyDeleteHello, your Blog is very nice..
ReplyDeleteReal Estate Services
Khata transfer in Bangalore
Bangalore property taxes
That's a big aim. has they been able to generate the amount?
ReplyDeletesell property online
My brother recommended I might like this web site. He was totally right. This post truly made my day. You can not imagine just how much time I had spent for this info! Thanks! houses for sale in nashville
ReplyDeletePretty great post. I just stumbled upon your blog and wanted to say that I have really loved surfing around your blog posts. After all I’ll be subscribing to your rss feed and I hope you write again soon! Alexandr Shcolyar
ReplyDeleteATS Destinaire Project is the finished solution to your issues. When you contributed with this organization it implies, you acquired a superior part for your life. Harmony, congruity, and enthusiasm are the essential human need however in the muddled up way of life, all the mainstays of way of life are impractical at a time. You frequently carry on with your existence with a great deal of compromises.
ReplyDelete