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Real Estate Financing Pivots Away From NBFCs To Alternative Investment Funds

Why many NBFC promoters are shifting real estate financing to AIFs.

A labourer takes a break at the construction site of a Indiabulls Real Estate commercial building in Lower Parel, Mumbai. (Photographer: Dhiraj Singh/Bloomberg)
A labourer takes a break at the construction site of a Indiabulls Real Estate commercial building in Lower Parel, Mumbai. (Photographer: Dhiraj Singh/Bloomberg)
India’s non-bank lenders, particularly those that have exposure to real estate lending, have found it tough to raise funds at affordable costs over the past year. Concerns of asset quality risks emerging from the real estate sector have left investors worried and financiers starved for liquidity.As a way around this, promoters of non-bank lenders are increasingly shifting real estate financing away from their NBFC platforms and towar...
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