Publications

Investors - MAY 16, 2022

To read this full article you need to be subscribed to Newsline.

Sign in Sign up for a FREE subscription

Apollo plans to $1b on Indian property with lending plan

by Andrea Zander

Apollo Global Management Inc. has plans to lend about $1 billion to developers in India this year, according to Bloomberg.

That represents an increase from the $750 million Apollo lent to Indian developers last year, with two-thirds of that sum directed to residential projects. About 70 percent of this year’s lending will go to home builders and the rest to commercial developers.

Apollo, which opened its Mumbai office in 2008, now manages about $513 billion of assets globally. The firm began lending to Indian property developers in 2017.

Forgot your username or password?