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Top developers seek to cut debt by offloading assets in fire sale

Analysts say several have raised funds by selling rental-yielding assets, some second rung cash-strapped builders are asking their banks and financial creditors to take over half-completed projects

Topics
real estate companies | REIT | Realty sector

Dev Chatterjee  |  Mumbai 



construction, realty, real estate, concrete, cement, buildings, high rise
Analysts said in the coming months, more developers will sell their rental income businesses to manage liquidity.

Indian are experiencing unprecedented financial challenges, with some top developers selling their rental income business or offloading other assets in a fire sale to meet financial commitments.

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First Published: Tue, August 11 2020. 17:45 IST

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