KKR to Step up Real Estate Financing
Real estate focused non-banking financial company (NBFC) KKR India Asset Finance Ltd (KIAFL) is stepping up lending even as overall financing to the sector remains subdued. This year, it has invested around $60 million across four deals, including top-up financing to Lodha Developers. We also think that the residential market will continue to bottom out and stage recovery in the next few quarters, thereby presenting a good risk-return proposition for investors," Yesh Nadkarni, MD, real estate, KKR India said. The NBFC crisis has only made it worse for real estate developers, who have been battling a continuing sector slowdown. Nadkarni said there’s been a significant upheaval in the landscape for real estate NBFCs posing a challenge for many market players.
Tags : ALLIED Real Estate NBFC KKR Funding Investor Asset Finance