MUMBAI: Apollo Global Management Inc is planning to lend about US$1bil (RM4.4bil) to developers in India this year, betting on a recovery in the residential property market as the pandemic eases.
That’s up from the US$750mil (RM3.29bil) that Apollo lent to Indian developers last year, with two-thirds of that sum directed to residential projects, according to Nipun Sahni, a partner at the private equity firm.
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