No. 1 Developer Sees India Cash Crunch Toppling Weaker Peers
- India property bond sales fell to four-year low in November
- Strong balance sheet to help large developers tide over: DLF
This article is for subscribers only.
India’s largest listed property developer expects many of its smaller peers to go belly-up as creditors cut financing after a shock default.
“Weaker balance sheets are going to fall off, while large listed developers will get though current liquidity crisis,” Saurabh Chawla, outgoing chief financial officer of DLF Ltd., said in a phone interview.