This drying up of liquidity comes on top of years of sluggish home sales, mounting inventories and falling prices. 

India’s property developers are finding it hard to borrow money, raising the prospect of a wave of debt defaults from the sector hitting shadow lenders that are trying to survive a funding crunch of their own. 

Developers have to repay about 1.29 trillion rupees a year on outstanding debt but generate less than half the amount in income that can be used for repayments, according to an analysis of about 11,000 companies by research firm Liases Foras. Rolling over loans and tapping private .. 

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//economictimes.indiatimes.com/articleshow/68147676.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

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