Explained | Chinese real estate firm Evergrande crisis a ‘Lehman moment’?
The Hindu
Markets are concerned about effect of crisis on other countries
Chinese real estate conglomerate has been in the news recently over its inability to pay interest on its huge debt obligations. The company recently defaulted on interest payment and is set to miss more deadlines. Many fear that the company is insolvent, and its share price has dropped over 80% in the last one year and hit a 10-year low.
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According to BACL, the biophilic-inspired business park will offer smart workspaces within a vibrant public realm. The project’s most exceptional and breathtaking attribute lies in the Urban Forest, a lush oasis in the centre of the development. This green space will serve as a focal point, seamlessly blending indoor and outdoor spaces throughout the area. The upcoming metro station in Airport City will provide seamless connectivity to the business park from the northern side, ensuring convenient accessibility.