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Developers Chase Costlier Private Equity Funds As Banks, NBFCs Stay Away
Mid and small developers overlooked as housing companies chase private equity funds for capital.
19 Jul 2021, 08:11 AM IST
In the 35 years since inception, every time Transcon Developers Pvt. launched a new apartment block, the Mumbai-based company sought upfront funding from banks or non-bank lenders. For a new project this year, it tapped a private equity fund instead.“We took private equity funding for the first time in January," Rishi Todi, director at Transcon, said. "...they're more robust in terms of processes and systems and understand the busine...
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