Chinese real estate behemoth Evergrande crumbles, revealing a larger real estate bubble

New Delhi, Sep 9: As Chinas second largest real estate major Evergrande Group is crumbling, anxious investors and the business community at large are eagerly waiting to see if Beijing offers to bail out the defaulting behemoth.The Xu Jiayun-founded Evergrande has been a symbol of China's success and the news of it defaulting have already made thousands of home buyers in the country worried. Not just that. A failed Evergrande would have huge economic implications on several other companies that have been associated with the real estate major. Many could also be left jobless, analysts said. The company has over…