 "Liquidity crunch: Small realtors being forced to bank on bigger cousins")
Mounting liquidity constraints and tough rules under the Real Estate (Regulation and Development) Act or RERA have pushed smaller developers to change tack. They are relying more and more on much larger developers to complete projects.
While it is not always a value proposition for smaller players, such tie-ups help them get the requisite financial backing for completing projects.
The move, observers, say, has helped the sector regain some confidence. What has also happened is a consolidation of sorts, as the cost of regulation was steep for the non-serious entities, leaving a larger portion of the realty pie for the
