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India: Real estate firms turning to NBFCs to raise funds

Posted on 13 May 2011

Real estate firms are approaching non-banking financial companies (NBFCs) for loans to pay for land, construction and pre-development of projects, as most banks have shut their doors on the sector.
Last year, 20 developers raised about Rs.3,000 crore from NBFCs through non-convertible debentures (NCDs), Enam Securities Pvt. Ltd says in an April report……………………………………….Full Article: Source


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