India: Asset management companies take NBFC route to fund realty projects

India: Asset management companies take NBFC route to fund realty projects

Asset management firms are setting up non-banking financial companies (NBFC) to bridge the capital deficit in the real estate sector.

More than half a dozen institutional investors are in the process of procuring a licence to set up a new NBFC, buying out an existing NBFC or reviving an existing but dormant entity to start lending.

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