Evergrande exposes cracks in China’s real estate. Is India better prepared to handle property boom?
China’s realty sector, which contributes 25%-30% to the countrys GDP, is in crisis. The government is cracking down on overleveraged developers and the cleansing will be painful. As India stands at the cusp of a ‘multi-year real-estate boom’, it looks better equipped. Can India, wiser from the collapse of developers like Jaypee and Unitech, avoid the pitfalls?