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Press Release

For immediate Publication

RBI keeps Repo Rate unchanged at 6.75%

New Delhi, December 01, 2015: The Reserve Bank of India in its fifth Bi-monthly monetary policy maintained status quo on key policy rates. The repo rate remained unchanged at 6.75% and CRR remained unchanged at 4%. Commenting on the Monetary Policy, Mr. Pradeep Jain, Chairman, Parsvnath Developers Limited said, 'Having lowered the repo rates by 125 basis points to 6.75% from 8% since January 2015, it was expected that RBI would maintain status quo in its fifth bi-monthly policy review. It is however, pertinent to note that while RBI has taken steps to considerably reduce rates, the interest rate transition from banks to the consumers has been gradual. Therefore, the onus now lies on the banks to expedite this transition and pass on the benefits to the consumers.' Overview of Parsvnath Developers Limited:-

Parsvnath Developers Limited (PDL), one of India's leading real estate and infrastructure development companies, having a rich experience of more than 25 years has Pan India presence spread across 42 cities and 15 states. The Company's diversified business portfolio comprises of Residential, Commercial (Office and Retail), DMRC projects, Hotels, SEZs, IT Parks and Third Party Construction.


PDL has to its credit several architectural marvels where it has successfully transformed simple barren tracts of land into beautiful spaces, both residential and commercial. It is the first real estate company in India to have integrated the ISO 9001, 14001 and OHSAS 18001 Certification processes.


The Company has till date completed 55 projects, measuring 25.19 mn. sq. ft of developed area. Currently, 48 projects are under construction which on completion will deliver 69.67 mn. sq. ft. of developed area. The Company has a large land bank that stands at 142.64 mn. sq. ft.

More information about the company is available on www.parsvnath.com

For more details, please contact: Neetal Narang (Ms.)

Head Corporate Communications Parsvnath Developers Limited

Email - neetal.narang@parsvnath.com

Jatin Khattar

Senior Manager - Corporate Communications Parsvnath Developers Limited

Mobile: +919810751243

Email - Jatin.khattar@parsvnath.com


Forward-Looking Statements:- This report contains forward -looking statements, which may be identified by their use of words like 'plans', 'expects', 'will', 'anticipates', 'believes', 'intends', 'projects', 'estimates' or other words of similar meaning. All statements that address expectations or projections about the future, including but not limited to statements about the company's strategy for growth, market position, expenditures, and financial results, are forward -looking statements. Forward-looking statements are based on certain assumptions and expectations of future events. The company cannot guarantee that these assumptions and expectations are accurate or will be realized. The company's actual results, performance or achievements could thus differ materially from those projected in any such forward - looking statements. The company assumes no responsibility to publicly amend, modify or revise any forward looking statements, on the basis of any subsequent developments, information or events.
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