After being allowed by the Reserve Bank of India to restructure their loans, slowdown-hit real estate companies are getting their act together to generate revenue that would take care of interest payment on high-cost loans.

Builders say they are diverting land set aside for high-end homes, malls and hotels to cut exposure in long-gestation projects, and using the space to think up affordable housing projects while reducing prices in order to perk up demand and cash flows.

Developers told Hindustan Times that fund flows from private equity players and the capital market have dried up, leaving them to court debt, for which cash flows are critical.

Hindustan Times