Housing Market Soars
India's real estate sector is experiencing considerable growth. Apartment prices have risen by 87% over the past five years, reflecting a strong demand
and appreciation. The rental market also reflects this trend, with a significant surge of 227%. Furthermore, reports indicate that housing sales in the top nine Indian cities decreased by 4% in the third quarter of 2025, while new project launches remained relatively stable. Looking ahead, projections estimate that the country's housing sales could reach 8–10 lakh units annually by 2047, compared to the 3–4 lakh units recorded this year. Additionally, a report highlights that the urban built-up area in India's top eight cities has doubled over the past three decades.
IPO Market Activity
The IPO market in India continues to be active, with several companies making their debut or planning to go public. VMS TMT's IPO has been in the news, achieving a strong subscription rate. Anand Rathi Group is also preparing for a second IPO, valued at Rs 745 crore. Urban Company recently made its market debut with shares listing at a 58% premium. Fintech PhonePe has filed a DRHP to launch a Rs 12,000 crore IPO. JioBlackRock Flexi Cap Fund NFO opened on September 23 on Paytm Money, with investments starting at Rs 500. Euro Pratik IPO received 86% subscription. Overall, JPMorgan anticipates that India is set to surpass the 2024 IPO record.
Taxation and GST
Government policies regarding taxation and GST are impacting various sectors and consumers. The government has released the latest FAQs on GST 2.0. Recent GST cuts in Ghaziabad have led to a decrease in prices, with Maggi becoming cheaper by Rs 10 and shampoo by Rs 40. There is no GST on health and life insurance, offering savings on premiums. Furthermore, the Central Board of Direct Taxes (CBDT) has provided clarification regarding tax rebates on special-rate incomes. With the GST 2.0 changes, lower taxes, a two-rate tax system, and easier compliance have been introduced.
Banking and Finance
The financial sector witnesses significant activity and change. Kotak811 has overtaken SBI Yono, ranking third globally in banking app downloads in the first half of 2025. The PFRDA is considering a $175 billion industry revamp, potentially including custom pension products. SBI sold a 13.18% stake in Yes Bank to Japan’s SMBC for Rs 8,889 crore. Meanwhile, the Reserve Bank of India (RBI) acquired 4.6 acres of Nariman Point land from MMRCL for Rs 3,472 crore. Individuals also have new options: they may be able to withdraw PF through UPI and ATMs by this Diwali.
Market Trends and Analysis
Several financial market trends are worth noting. HSBC upgraded the Indian stock market to 'overweight', expecting the Sensex to reach 94,000 by the end of 2026. Colliers reported that India is among the top APAC markets for cross-border investments, with easing inflation. Real estate investment trusts (REITs) in India are delivering yields of 6–7%, outpacing global benchmarks. Furthermore, the article also highlighted that the rupee hit a record low of 88.48 due to visa fee hikes and subdued foreign flows.
Consumer Impact and Savings
Changes in the economy are directly impacting consumers. There are no GST charges on health and life insurance, meaning that consumers can save on premiums. Festive demand is rising, with AC sales up 20% and TV sales up 35% after the GST benefits were announced. In terms of everyday items, Colgate toothpaste and brushes are expected to get cheaper from September 22. The NPCI has increased UPI transaction limits, and users can now make payments up to Rs 10 lakh daily.
