India is rapidly emerging as a leader in Asia-Pacific's real estate private credit market. Supported by regulatory reforms, strong demand, and a shift by institutional investors to alternative capital, India's private credit is projected to contribute significantly to the region's growth by 2028. Assets under management have surged from $700 million in 2010 to $17.8 billion in 2023, reflecting a maturing ecosystem and robust investor appetite for tangible asset-backed, higher-yield opportunities.