In 2024, the alternates industry experienced significant regulatory changes. SEBI mandated that PMS distributors obtain APRN registration by January 1, 2025. The Indian alternative investment sector is projected to grow to over Rs. 100 lakh crore by 2030. SEBI also digitized PMS client onboarding, simplifying the process. New tax rules enhanced the appeal of debt PMS, while changes to AIF regulations allowed for faster liquidation of illiquid assets. The removal of contribution limits for IFSC-based AIFs and the introduction of Small and Medium REITs with specific requirements marked further developments. The CafeAlt Conference facilitated industry discussions on growth trends.