In an interview with CNBC-TV18, Pradeep Jain, Chairman, Parsvnath Developers, speaks about the latest happenings in his company and sector.
Here is a verbatim transcript of the exclusive interview with Pradeep Jain on CNBC-TV18. Also watch the accompanying video.
Q: Real estate, the RBI seems reluctant to allow further restructuring of real estate loans to banks. How much of a distress could this move cause for real estate developers who had earlier restructured loans with the banks?
A: I understand, as an industry, most of the loans have been already restructured prior to June last year and now the cash situation of almost all the real estate company is fairly good. The financial institutions, PSU banks etc, they start lending the new money on project on project level.
More : moneycontrol.com
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