Don't they find current valuations appealing?
As mentioned earlier also, the Indian investment scene is still appealing as compared to other western countries of the world.

What would your advice be for end-users now?

This is the time to pick up the best of the properties according to ones needs but first and foremost make sure that you check the fundamentals of the locality and the developer. The property prices in an area must be supported by the underlying growth and development story of that particular area. The towns without basic fundamental will experience correction. The areas that do not have enough economic activity to support the real estate prices are also bound to experience some correction.

If interest rates keep hardening do you see defaults on loans rising in India?
Some defaults cannot be ruled out as it can happen with any industry or individual. However, with RBI being strong in its governance and tightening its fiscal controls, the lending banks or institutions have generally done adequate due diligence before disbursement, which is quite evident from these banks balance sheet and their declining Non performing assets.

What are the future growth plans of the company? How do you plan on accomplishing those goals?
The company believes in taking projects only on its merit and where we can do justice in terms of deliverables and meeting customer's expectations. The company is already into Commercial, Retail and Residential space and plans to venture into IT space as well. We are expanding our footprints from NCR, Haryana, Punjab to western, southern and central India. The projects will be announced very shortly.

What is Paras's differentiating factor (per se Chandigarh projects) and how do you intent to attract your target audience?
Paras Panorama has been designed to suit the tastes and aesthetic appeal of people who have a liking for international trends, like colour patterns, lay out plan, world-class facilities, etc. All customised in a package that suits the Indian environment. The expanse of living room, the functionality of kitchen, the comfort of bed rooms and the relaxing ambience of the bathrooms, all comes with the complete package of a well thought out and planned project, named Paras Panorama. We are aware that the people of the region are used to living in big independent houses, our project offers the luxury and vastness of a big house together with the benefits of a group housing apartments.

Apart from existing projects in Chandigarh tri city do you plan to launch any new project in the region in the future?
The company believes in taking projects only on its merit and where we can do justice in terms of deliverables and meeting customer's expectations. Currently we are evaluating some potential projects in the region and only when we are satisfied on the merit of the project, we will venture ahead.

Paras Downtown Mall, the largest in the region--What motivated Paras to come out with such a venture. Being first of its kinds of project in the region do you foresee good response?
As always, in case of Paras Downtown Square Mall, we have gone by the research, according to which, the people of Tri-city were yearning for such a Mall, having already experienced the complete Mall experience in cities like Delhi, Mumbai and other big cities. There has been a latent and unexplored need, which we are trying to take care off. PDTS Mall is going to offer the complete and wholesome mall experience to its patrons.

What is Paras's differentiating factor (per se Chandigarh projects) and how do you intent to attract your target audience?
Paras Panorama has been designed to suit the tastes and aesthetic appeal of people who have a liking for international trends, like colour patterns, lay out plan, world-class facilities, etc. All customised in a package that suits the Indian environment. The expanse of living room, the functionality of kitchen, the comfort of bed rooms and the relaxing ambience of the bathrooms, all comes with the complete package of a well thought out and planned project, named Paras Panorama. We are aware that the people of the region are used to living in big independent houses, our project offers the luxury and vastness of a big house together with the benefits of a group housing apartments.

Apart from existing projects in Chandigarh tri city do you plan to launch any new project in the region in the future?
The company believes in taking projects only on its merit and where we can do justice in terms of deliverables and meeting customer's expectations. Currently we are evaluating some potential projects in the region and only when we are satisfied on the merit of the project, we will venture ahead.