The Nifty Realty index rose 2.11% to 1013.65, with top gainers including Macrotech Developers Ltd, Phoenix Mills Ltd, Prestige Estates Projects Ltd, Godrej Properties Ltd, and DLF Ltd. Sobha Ltd and Anant Raj Ltd were the top losers. The Nifty50 index gained 319.16 points, while the BSE Sensex rose 1046.3 points.

HTF Market Intelligence released a report predicting the global residential real estate market will grow at a 5.7% CAGR from 2025 to 2032, expanding from $9.3 trillion to $14.5 trillion. The analysis covers market segments by property type (detached houses, apartments, etc.), application (owner-occupied, rental, co-living), and geography, with major players including D.R. Horton, Lennar Corp, PulteGroup, CBRE, and others.

The article discusses updates on India's income tax return (ITR) filing process, including Form 26AS availability, ITR deadlines, and tax compliance details. It also covers market-related news, such as real estate stock recommendations and silver price trends.

Non-Mumbai real estate developers are entering India's largest real estate market through redevelopment projects, leveraging policy incentives and the capital-efficient nature of redevelopment. Companies like Sobha, Arvind Smartspaces, DLF, and others are exploring opportunities in Mumbai, where limited open land and high property rates make redevelopment an attractive strategy.

The Reserve Bank of India (RBI) cut interest rates by 50 basis points on the repo rate and 100 basis points on the cash reserve ratio (CRR), shifting its policy stance from 'accommodative' to 'neutral'. This move boosted Indian stock markets, with banking, auto, and realty sectors seeing significant gains. The Bank Nifty hit a record high, and key stocks like IDFC First Bank and Godrej Properties surged. The rate cuts are expected to lower EMIs for borrowers and stimulate credit growth.