The Indian growth story got a timely media boost with the budget mania on television, as the government got its platform to vocalise and showcase the India shining story on the tube.
In 2013, consolidation is expected in cement industry in the medium-to-long-term with large M&A activities, says India Ratings agency. The agency expects credit profiles of large cement firms with superior cost position and pan-India presence to remain stable in 2013.
Year 2018 was a veritable roller-coaster ride for the Indian real estate. Despite signs of recovery across segments, the liquidity crunch – further exacerbated by the NBFC crisis – put all industry stakeholders on tenterhooks.
India Ratings and Research (Ind-Ra) has maintained an overall negative outlook on the real estate sector for FY2020.
More than 90 per cent consolidation in Indian real estate at project-level; only a few (such as Indiabulls) consider exiting realty business altogether. After DeMo wiped out fly-by-night and many small developers, liquidity crisis led Big Boys to take up stuck or delayed projects. Preferred consolidation models include JVs, alliance, development management contract, land monetisation.
