Indian Property Tycoon Oberoi Says Liquidity Squeeze Could Re-Shape Industry
- Vikas Oberoi says pressure is mounting on smaller developers
- ‘Fly-by-night’ firms may exit from industry, Oberoi says
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Tycoon Vikas Oberoi says a liquidity squeeze may help to reshape India’s property industry.
Scarcer financing, combined with tighter government oversight of the sector in recent years, may help to clear away some “fly-by-night” firms and foster consolidation, according to the chairman of Oberoi Realty Ltd.