Real estate brokers are underwriting new projects for developers facing a cash crunch in major metros, impacting sales figures and market stability.
DLF seeks refund of Rs 235 crore license fees from Haryana government for various projects in Gurgaon to boost cash reserves.
Small developers are forced to sell projects to larger ones due to severe cash crunches, especially in tier II cities and metros.
A slowdown in real estate is observed, with residential transactions down 20-25%, while Mumbai experiences high demand despite challenges from rising interest rates and inflation.