New Delhi, Oct. 10 -- From exclusive clubs to repurposed urban rooftops, the Spanish racket sport is attracting more than just players-it's attracting serious capital. For savvy investors, this is more than a trend; it's a ground-floor entry into a booming lifestyle industry.

In the bustling investment landscape of India, the conversation is often dominated by tech startups, real estate, and the stock market. Yet, quietly, a new asset class is taking shape on courts enclosed by glass walls. This is the world of padel, and it is rapidly evolving from a niche sport into a formidable business ecosystem.

While new to many in India, padel has already proven its commercial viability across Europe and the Middle East. According to a global pad...