The 1978 Yash Chopra film Trishul was all about Vijay (Amitabh Bachchan) coming to a big city and struggling to become a construction baron. The plot was melodramatic and full of twists and turns.
Real life for construction magnate Pradeep Jain, 42, has been equally interesting. Starting off as a property broker with a 45-square foot office on the ground floor of Arunachal Bhawan on New Delhis Barakhamba Road, Jain has today moved into the big league, although he has his office in the same building.
With 152 million square feet under development, the earthy Jain is an angry man today. His ire is particularly reserved for the recent interest rate hikes, which he believes are squeezing supply and hurting buyers as prices are actually hardening due to continuing robust demand. Excerpts from a free-wheeling conversation with Siddharth Zarabi and Nayantara Rai:
More : business-standard.com
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