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Noel Tata Takes Helm of Tata Trusts Following Ratan Tata’s Passing

Leadership Transition in India’s Corporate Titan Noel Tata has been appointed as the new chairman of Tata Trusts, effective October 11, following the death of his half-brother, Ratan Tata, on October 9. The decision was reached unanimously during a meeting held in Mumbai on the same day, marking a significant moment for the philanthropic arm […]

Gurgaon-Rewari Highway: A Game Changer for Southern Haryana’s Real Estate Boom

Significant Progress and Future Prospects The 43-km Gurgaon-Patuadi-Rewari highway, set for completion by March 2025, is already making waves in the region. With 60% of the work done, the Wazirpur-Rewari section is anticipated to open by December this year, while the Dwarka Expressway-Wazirpur stretch is on track for completion next year. This project, spearheaded by […]

India’s Economic Outlook Soars: World Bank Ups Growth Forecast to 7%

Strong Agricultural Output and Employment Policies Drive Growth The World Bank has significantly raised India’s economic growth forecast from 6.6% to 7% for the financial year 2024-25, attributing this optimistic revision to robust agricultural performance and effective employment policies. This projection is part of the South Asia Growth forecast report released on October 10, highlighting […]

Thane Real Estate Boom: Under-Construction Property Prices Surge by 19.5%

Significant Growth Amid Changing Trends in the Property Market Thane, October 10, 2024: The latest PropIndex Report from Magicbricks reveals a remarkable shift in the real estate landscape of Thane, with under-construction property prices skyrocketing by 19.5% quarter-on-quarter, reaching an impressive INR 16,455 per square foot. This surge highlights the area’s growing appeal as a […]

Mumbai’s Real Estate Boom: Residential Sales Surge 7% in Q3 2024

MMR Market Shows Resilience as Home Sales Value Rises by 10% Mumbai, Maharashtra, October 10, 2024 – The residential market in Mumbai’s Metropolitan Region (MMR) is experiencing a notable resurgence, with a 7% increase in registered transactions and a remarkable 10% growth in sales value during the September quarter. According to data from Square Yards, […]

Developers Slash Debt by Over Half in Q1 FY25: A New Era in Real Estate

Major Players Showcase Remarkable Recovery Amid Soaring Sales Mumbai, 10 October 2024: In a groundbreaking shift for the Indian real estate sector, the top eight listed developers have achieved a remarkable 54% reduction in net debt since its peak in FY 2019. As of Q1 FY 2025, their collective net debt stands at approximately INR […]

India’s Billionaires Cross $1 Trillion: A Landmark Year for Wealth Accumulation

Record-Breaking Wealth for India’s Elite In a historic milestone, the collective wealth of India’s top 100 billionaires has exceeded $1 trillion for the first time. A recent Forbes report reveals that over 80% of these wealthy individuals are richer than they were a year ago, marking a remarkable rebound in fortunes. Dramatic Gains Amid Economic […]

Revitalization Ahead: Nariman Point Set to Reclaim Its Status as Mumbai’s Premier Commercial Hub

Infrastructure Upgrades Spark Demand for Premium Office Spaces in South Mumbai Mumbai, October 10, 2024 – Knight Frank India’s latest report, South Mumbai – A Renaissance, highlights a significant resurgence in the commercial appeal of South Mumbai, driven by transformative infrastructure developments. With projections of adding 4 to 6 million square feet of mixed-use office […]

Who Will Inherit Ratan Tata’s ₹3,800 Crore Fortune?

Legacy of a Titan: Ratan Tata’s Impact and Succession Questions On Wednesday night, the renowned industrialist and honorary chairman of Tata Sons, Padma Vibhushan Ratan Tata, passed away. He took over the leadership of the Tata Group in 1991 after his uncle, J.R.D. Tata, stepped down. This period marked a significant transformation for India as […]

Ratan Tata: The Philanthropic Tycoon Shaping India’s Future

A Legacy Beyond Wealth Ratan Tata, one of India’s most renowned industrialists and philanthropists, boasts a net worth of ₹3,800 crores as of 2024. A significant portion of his wealth stems from Tata Sons, the holding company of the Tata Group, yet his legacy is marked not only by financial success but by an unwavering […]