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While the Southeast Asian nation opened its economy to U.S. multinationals and technology after Washington lifted its embargo in the 1990s, it stayed cautious over China, after their 1979 war and disputes over South China Sea boundaries. Now Beijing's influence is rising and U.S. ties are strained by tariffs.
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The surprise move, revealed in a one-paragraph note by the Department of Housing and Urban Development, did not give a reason for withdrawing the plan or a timeline for reissuing it, saying only it would do so in time to govern awards for the current fiscal year.
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India's private credit market is booming, attracting global investors. Structural reforms and strong developer demand are key drivers. Alternative Investment Funds are playing a crucial role, acting as new lenders for real estate projects. India is becoming a major hub for real estate credit capital in the Asia-Pacific region.
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