The record
Written by software from the 1 report below. The points restate them; where one says why it matters, that is Prism's reading, not a reported fact.
- Indian real-estate developers are experiencing a tighter credit market as non-bank financial institutions (NBFIs) reduce their exposure to the sector.
- Banks have also cut their lending to real estate due to their own funding challenges and high risk aversion.
- Developers that rely on refinancing maturing debt may struggle to secure alternative funding sources.
- This liquidity crunch is exacerbated by the defaults of Infrastructure Leasing & Financial Services Ltd and Dewan Housing Finance Corporation Ltd. Ongoing funding pressure is expected to continue until market operations and demand improve.
What to watch next
- Effectiveness of government measures to improve NBFI liquidity
- Future credit standards and risk appetite of banks and NBFIs
- Market demand and price corrections for unsold real estate inventory
Coverage1
1 report
English national1
All filed from India
Named India · Dewan Housing Finance Corporation Ltd · Infrastructure Leasing & Financial Services Ltd · Fitch Ratings
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