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Builders turn to PEs, NBFCs to refinance debt
"What smart investors today are doing in refinancing deals is ensuring all pain points of a builder are addressed rather than just concentrating on pain in just one project," said Anckur Srivasttava, chairman of GenReal Property Advisers. "Some funds are providing refinancing for consolidated debt of a builder. This imposes a lot of discipline on the builder as well," he said.