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.
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.