Author name: Arpitha

Arpitha is the founder of Stalah, a principal-led real estate house shaped by clarity, discretion, and long-term thinking. Her approach focuses on selective mandates, thoughtful representation, and measured real estate decisions.

: Risk & Failure, Real Estate Capital

Why Developers Over-Leverage

Over-leverage is not an error in judgment. It is the rational outcome of a system that rewards speed and scale over resilience. Developers do not accidentally assume risk; they are incentivised to do so. This article examines how those incentives shape capital structure decisions.

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