Property & Real Estate
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Altico misses interest payment, underlining stress in realty market
Altico Capital India Ltd, a lender to real estate companies, said it has defaulted on interest payments worth ₹19.9 crore due to Mashreq Bank of Dubai, highlighting the rising stress in India’s cash-starved property market. The interest payment default occurred on a principal of ₹340 crore, Altico said in a…
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