Debt recast at real estate project level to revive sector: Experts

The Kamath panel's move to make debt restructuring mandatory at the project level instead of loan recast of the parent company will help revive the projects This, in turn, will help developers revive stalled projects faster, say real estate builders and experts. “The panel has separated the debt of the asset from the main company in order to assess project viability. My fear is that most real estate projects have more loan to value (of the asset) that they can sustain, so someone will have to take a haircut,” said Vikas Oberoi, Chairman of Oberoi Realty. Real estate.....

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