Cash crunch triggered by Non-Banking Finance Companies (NBFCs) crisis has brought land deals in and around Ahmedabad to a grinding halt. Hardly any big-ticket land deals has been struck in the past three months. What’s more, a number of deals struck before Diwali last year are either stuck or shelved owing to liquidity problems faced by real estate developers.
Cash crunch triggered by Non-Banking Finance Companies (NBFCs) crisis has brought land deals in and around Ahmedabad to a grinding halt. Hardly any big-ticket land deals has been struck in the past three months. What’s more, a number of deals struck before Diwali last year are either stuck or shelved owing to liquidity problems faced by real estate developers.
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