| Firms resort to structured debt from PEs, land sales to address repayment crisis; project exits, too, for some. Property developers are tiding over a debt repayment problem through structured private equity (PE) deals and expensive loans from non-banking finance companies (NBFCs).
According to PE funds and consultants, many property companies from in and around Delhi and from Mumbai have raised structured debt from PE firms at 16-21 per cent to repay what they’d borrowed from banks..............................................Full Article: Source
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