
Global Private Credit Investors Drawn to India’s Booming Real Estate Sector
In the wake of China’s property market woes, global private credit investors are increasingly turning their attention to India, where Prime Minister Narendra Modi’s infrastructure initiatives are driving up property prices. In the first six months of 2023, more than $4 billion in private credit flowed into India, with more than half of that going to real estate, according to a report from Ernst & Young. That’s up from $4.3 billion in the entire year of 2022. According to fund managers surveyed by Ernst & Young, private real estate deals are expected to continue to grow over the next year and a half. “India has benefitted from the shift in sentiment away from China, partly due to strong economic fundamentals,” … Read more