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Falling sales to affect refinancing of realty sector: report

Falling sales to affect refinancing of realty sector: report

Monday, March 27, 2017, 9:01 PM

Falling sales have dimmed the hopes of cash-strapped real estate developers for refinancing their debt obligations in FY18, says India Ratings and Research. The sector has mainly relied on refinancing to meet debt servicing obligations given the negative cash flows, and is unlikely to witness a revival in sales in FY18 and refinancing will increasingly become difficult, it said.
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