A growing trend in the real estate financing sector sees senior executives from both domestic and global firms stepping down to establish their own ventures. The high demand for alternative investment funds and relaxed regulations are key drivers of this
Real EstateEntrepreneurshipAlternative Investment FundsNbfcsReal Estate FinancingReal EstateOct 07, 2024
The trend is driven by the high demand for alternative investment fund (AIF) money, especially for land acquisitions, and the increased restrictions on non-banking financial companies (NBFCs).
Notable executives include Nipun Sahni from Apollo Global Management, Ankur Gulati from CPP Investments, Ashish Singh from Actis, Amar Merani from 360 One Asset, and Sharad Mittal from Motilal Oswal Alternates.
AIFs are less regulated and do not have the same restrictions as NBFCs, such as the restriction on lending for buying land, making them more attractive for real estate investments.
The market has seen a shift from private to public, with many companies getting listed. Additionally, the IL&FS crisis in 2018 led to a slowdown in NBFC activity, increasing the demand for AIFs.
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