India's mini-Lehman moment: Bankruptcies double at real estate developers

The growing number of insolvencies highlight Indian property developers' inability to complete apartments and meet their debt obligations amid the funding crisis

Dhwani Pandya and Upmanyu Trivedi | Bloomberg
Bankruptcies double at developers as India faces mini-Lehman moment

The number of Indian real estate companies tipped into insolvency has doubled in less than a year since the collapse of a key shadow bank, an event often compared to the Lehman crisis that squeezed Am

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First Published: Oct 03 2019 | 11:16 AM IST

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