March 2026
The ₹38L Lesson: What Bad Developer DD Really Costs
A corporate in Maharashtra skipped onsite DD. Here's what happened next.
Last quarter, a mid-sized chemical manufacturer came to us 18 months after signing their solar PPA. They were generating 19% below their promised CUF, their developer was unresponsive to O&M calls, and their PPA had no meaningful shortfall compensation clause.
The developer had never failed an offsite assessment. But nobody had done an onsite visit. Nobody had checked the actual land title (which had an encumbrance). Nobody had spoken to a single existing client of the developer. They had signed based on a developer presentation and a broker's recommendation.
The annual shortfall: ₹38 lakhs. Per year. For 22 more years. That's ₹8.36 Cr in lost value — from one skipped due diligence step.
The full issue — including the 3 specific DD checks that would have caught this, and how we helped this client recover — is available to subscribers.
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