India-EU FTA likely to cut auto import duties, may spur surge in luxury EV imports

Mumbai: The proposed free trade agreement (FTA) between India and the European Union is expected to sharply reduce import duties on automobiles including electric vehicles (EVs) from the 27-nation bloc to 10-15%, potentially triggering a surge in European luxury EV sales in India, said people familiar with the matter. The deal, expected to be announced […]

Will Mumbai’s under-construction Bandra-Versova Link spur suburban real estate markets, redevelopment of old buildings?

Although the Bandra–Versova Sea Link (BVSL) is nearly two years from completion, Mumbai’s real estate market is already seeing heightened activity along the corridor. Localities such as Bandra, Juhu, Versova, and Madh Island are witnessing a surge in new project launches, as well as the redevelopment of older buildings, driven by the under-construction infrastructure that […]