Liquidity issues for builders to worsen after RERA gets implemented: ICRA

 

Liquidity issues for builders to worsen after RERA gets implemented ICRA

By Accommodation Times News Service

The real estate bill mandates developers to deposit 70% of the collections from the buyers in a separate account to meet construction costs including that of land

Liquidity issues for real estate developers, particularly smaller players, is likely to worsen during the initial transition phase after the real estate regulatory bill comes to force, said credit rating agency ICRA.





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