The demand to construct cities for a rapidly growing population is attracting private credit investors such as Ares and Apollo to India, particularly as China’s property sector faces challenges.
![Ares CEO Michael Arougheti Explores India's Promising Real Estate Market as Bank Lending and Infrastructure Drive Growth. PHOTO: Ki/cnbc](https://krugmaninsights.com/wp-content/uploads/2023/11/107118503-1663169165005-Michael_Arougheti_1-1-1024x576.webp)
This shift in focus comes as rules limit bank lending to India’s real estate sector and the country experiences a shortage of affordable housing due to rapid urbanization.
Apollo Global Management Inc. and Ares Management Corp. are among the companies