Thanks @gardner for some well thought out scenarios. Your being from the real estate industry and plus some insights that you’ve got from the consulting industry nicely put into perspective what the possibilities might be.
Here is the latest update from the management (courtesy: Nirmal Bang). It seems things are okay for now. Slowdown in business is imminent, however the valuations having cooled down still makes this a great investment opportunity (imho of course).
NESCO–Management-Meet-Update–12-May-2020.pdf (398.4 KB)
Disc: invested and increasing stake.