Indiabulls and Edelweiss Seek To Launch AIFs To Advance Home Lending

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Edelweiss is also moving in the same direction after selling development loans to investors.

The subjects
Indiabulls | Edelweiss | AIF

Financial services groups, such as Indiabulls and Edelweiss, are looking to launch alternative investment funds (AIFs) to provide loans to real estate developers. It comes after selling developer loans to investors to reduce the risk of their books and generate funds after the liquidity crunch in the non-bank financial sector (NBFC) following IL & FS defaults.

AIFs are mutual funds that invest in private equity, real estate, etc. They are a better way to manage wholesale real estate financing, given that it is difficult to keep an eye on ALM (asset-liability management) and …

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First published: Fri 26 Mar 2021. 06:10 IST

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