IL&FS crisis: NBFC cash crunch to trigger real estate consolidation

The blow up at IL&FS, which led to the domino effect of tightened scrutiny and lending at NBFCs, took a swipe at the markets last week with realty stocks sliding across the board. 

This could be a sign that there may be deeper implications for the sector, especially for small players who may find it very difficult to secure working capital. 

Already, the real estate sector is reeling from pressure due to subdued demand and rising costs.

The latest problem would mean further squeeze of funds and from a segment that now accounts for a big chunk of loans. By