PE firms, NBFCs move to take more control of real estate projects in India

PE firms, NBFCs move to take more control of real estate projects in India

Photo: Pradeep Gaur/Mint

As defaults rise and balance sheets of real estate firms weaken, private equity (PE) firms and non-banking financial companies (NBFC) are taking more control in projects, tightening underwriting norms and taking stock of the overall financial health of the developer in transactions.

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