In a significant endorsement of India’s economic stability and potential, S&P Global Market Intelligence has revised India’s growth forecast upward for the fiscal year 2024-25. The adjustment to a promising 6.8%, up from an earlier prediction of 6.5%, underscores the country’s robust economic momentum and the brightening global economic outlook. This blog delves into the details of this revised forecast, exploring the underlying factors and implications for India’s economic landscape.… Read more

Due to recent events, the Noida Authority is embroiled in a court battle, contesting the Allahabad High Court’s order to register apartments in Lotus 300 and Lotus Boulevard Espacia. The ramifications of financial disparities and the difficulties of managing real estate are clarified by this dispute. Despite the builders’ unpaid debts, the court authorized the registration of these properties, which sparked a discussion on how to strike a balance between public interest and financial obligations.… Read more

The ambitious Dharavi Redevelopment Project (DRP) has hit a roadblock due to a contentious issue surrounding the ownership and subleasing of 47.5 acres of railway land. The Railway Land Development Authority (RLDA), in partnership with the Dharavi Redevelopment Project/Slum Redevelopment Authority (DRP/SRA), faces a stalemate, with the RLDA refusing to allow subleasing of the crucial land. This standstill threatens to delay the project, pivotal for the transformation of Asia’s largest slum, Dharavi, located in the heart of Mumbai.… Read more