India's economy continues to show robust growth, with the GDP rising to 6.2% in the third quarter of FY25. This is a significant improvement from the previous quarter's 5.4% and marks a positive trend in the country's economic recovery.
IndiaGdpEconomic RecoveryReal EstateManufacturingReal Estate MumbaiFeb 28, 2025
India's GDP growth rate for the third quarter of the financial year 2024-25 (Q3FY25) is 6.2%.
Key sectors that contributed significantly to the GDP growth include manufacturing, 'Financial, Real Estate, and Professional Services', and agriculture.
The increase in property registrations in Mumbai indicates a strong performance in the real estate market, reflecting economic health and consumer confidence.
The services sector, including trade, hotels, transport, communication, and broadcasting, has shown robust growth, particularly in the IT and IT-enabled services (ITeS) segment.
The government is focusing on economic reforms, infrastructure development, attracting foreign investment, and promoting ease of doing business to sustain economic growth.
Knight Frank reports a 12% surge in property registrations in Mumbai, driven by strong housing demand and economic prosperity.
Tribeca to bring Trump Towers to Mumbai, Pune, and two other Indian cities, seeking new deals in the country's growing real estate market.
The Supreme Court has ruled in favor of the real estate sector, allowing companies to claim input tax credits (ITC) on construction costs for commercial buildings meant for renting purposes.
Pune's snail biodiversity has seen a significant decline of 27% due to rapid urbanization and increasing pollution, according to a recent study. This drop highlights the urgent need for sustainable urban development and conservation efforts.
These cities offer significant investment opportunities in the real estate sector, driven by robust infrastructure and demographic growth.
Abhishek and Abhinandan, sons of Maharashtra minister Mangal Prabhat Lodha, the founder of the Lodha Group, are involved in a bitter trademark dispute. A retired Supreme Court judge has been appointed as the mediator to resolve the feud.