At a time when the real estate segment is reeling under low sales, you have had a good quarter last year. On hindsight, what are some of the things you did right?
We focused on offering possession in maximum possible projects before bringing in new projects from the vast land holdings across India to further service the nation in its growth towards well developed urbanisation and housing needs.
Today, we have successfully completed the project and offered possession of 50 acres of Parsvnath City at Derabassi which is on NH-1 near Chandigarh; Rajpura, spread over 117 acres, also on NH-1 just 20km away from Ambala/Chandigarh; Parsvnath Paliwal City, Panipat spread over 162 acres again on NH-1 near the Panipat toll bridge; Parsvnath City, Karnal, spread over 80 acres on Meerut road; Parsvnath City, Jodhpur spread over in 110 acres on Sangari bypass; Parsvnath City, Lucknow, on Barabanki Road, with 80 acres of prime development; Parsvnath City, Saharanpur, on Delhi Saharanpur Road; apart from 102 acres township in the land of the Mahakal-Ujjain; and 229 acres approximately of township in Indore to name a few.
Could you tell us a little bit of your upcoming projects?
Parsvnath Developers today is involving itself in liquidating the little balance stock available in the projects already announced and is in process of completion. We are looking forward to opening new projects like a premier condominium group housing project in Delhi, one township each in Kanpur, Kochi and Kurukshetra before taking up other projects from the land parcels the company holds.
The concept of Smart Cities is much talked about. Do you plan to be a part of it? How is Parsvnath Developers prepared to do this?
Most of the townships developed by Parsvnath have been equipped with ready infrastructure that offers the potential to meet the criteria of best-in-class smart city.
Upon augmentation, utilising the existing infrastructure with world-class value proposition, these prospective townships are capable to be established as the ideal smart cities of the country. With the burgeoning population and economy, India rightly deserves these smart cities that will be the key to the decentralised urbanisation, thus benefiting all stakeholders and delivering value across the length and breadth of the country.
Like most developers, you have also struggled to bring down debt. What are some of the measures you have taken?
We primarily focused on inventory liquidation and project amortisation.
Could you tell us about some of the sustainability measures you follow in your construction?
At Parsvnath, we use mechanised automation and state-of-the-art modes of transporting materials thus enabling efficient working in order to achieve optimum energy and other resources utilisation. These initiatives have helped us achieve the fine balance of the measures of sustainability where we deliver quality of construction at the optimum cost and contributing to our vision of participation in environment protection.
What are some of the construction technology methods deployed in your buildings?
Deliberate planning has been done at the conception stage to ensure efficient use of steel and construction material during the construction phase. During the township planning, we ensure that the shortest supply line is made available to feed all dwelling units and the land natural slopes. We carefully monitor per chart so that material is available and used wisely. We also consider other measures prevalent for constructing building and appoint specialised agency for doing the work.