NEW YORK -- China's property market troubles have global private credit investors looking increasingly toward India as Prime Minister Narendra Modi's infrastructure push drives up real estate prices.
More than $4 billion flowed into India in the form of private credit during the first half of 2023, with over 50% going into real estate, Ernst & Young reports. This compares with $5.3 billion in all of 2022. Fund managers surveyed by the firm expect real estate deals to continue to increase in the next year and a half.
