Maharashtra elections, fiscal warning, Macquarie, MVA, NDA, India's economic growth
Maharashtra ElectionsFiscal WarningMacquarieMvaNdaReal Estate MaharashtraAug 20, 2024
Maharashtra's upcoming state elections are crucial for India's future trajectory, with the state being a critical battleground for both political analysts and market observers.
Maharashtra's fiscal situation is a concern, with the state's reliance on populist freebies potentially pushing the fiscal deficit beyond sustainable levels.
The delay in announcing the election schedule adds another layer of complexity, making the electoral outcome unpredictable.
An MVA-led government might deprioritize key infrastructure projects, which could have implications for companies involved in executing those projects.
Maharashtra plays a pivotal role in India’s overall growth, contributing the largest share to India’s GDP and boasting a per capita income that is 30% above the national average.
The government has announced a proposal to modify the capital gains tax formula for real estate investors, providing an option to choose between a 12.5% tax rate without indexation or a 20% rate with indexation for properties acquired before July 23, 2024
Face of India 2024, spearheaded by Badal Saboo, is reigniting Pune's fashion scene by blending high fashion with luxury real estate, opening new doors for Indian fashion on the global stage.
The Telangana Finance Department has sanctioned 33 new posts for the Real Estate Appellate Tribunal, directing the MA&UD department to obtain financial approval before initiating recruitment.
Nilkamal registered a 30.27% increase in its net consolidated profit for the quarter ended September 30, 2024. The company's net profit after tax stood at Rs 32.62 crore, up from Rs 25.04 crore in the corresponding quarter of the previous fiscal year.
Certus Capital, a prominent real estate investment firm, has announced a significant investment of Rs 150 crore in two housing projects located in the Mumbai Metropolitan Region. This move is part of their broader strategy to actively evaluate and invest
Indiranagar's 100 Feet Road has surpassed other locations in the Asia Pacific region in terms of retail rental growth, making it a prime destination for businesses and investors.