Real estate private credit funds in India are bracing for a surge in refinancing demand over the next 12 months as residential sales momentum moderates following a strong multi-year expansion.
Developers are increasingly turning to structured debt solutions to manage liquidity and refinance existing obligations as the pace of new home purchases slows.
According to a recent assessment by Moody's, the market has doubled in size over the past five years, reaching approximately $25 billion.
The shift underscores a changing dynamic in the Indian property market, where the rapid growth phase is giving way to a more cautious environment.
With traditional bank lending often constrained by stricter underwriting standards or capacity limits, private credit has emerged as a critical alternative source of capital for developers seeking to maintain project pipelines and manage debt maturities.
This development comes as the broader Indian private credit market continues its rapid ascent.
According to a recent assessment by Moody's, the market has doubled in size over the past five years, reaching approximately $25 billion.