13.05.2011 - India: Real estate firms turning to NBFCs to raise funds
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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