Tamil Nadu Growth Boosts Real Estate Confidence

05 May 2026 CW Team

CREDAI Tamil Nadu has highlighted that Tamil Nadu’s sustained double-digit economic growth is strengthening confidence across housing, infrastructure and investment segments.

The State recorded real economic growth of 10.83 per cent in FY26, following 11.19 per cent in FY25, significantly above the national estimate of 7.4 per cent. Tamil Nadu’s GSDP rose from Rs 31.19 trillion to Rs 35.29 trillion during the period, with per capita income reaching Rs 408,000.

According to CREDAI Tamil Nadu, the continued growth momentum reflects broad-based confidence across industries, investors, homebuyers and the workforce. The performance marks two consecutive years of double-digit growth, the first such occurrence in over a decade.

The development is expected to have a direct impact on the real estate sector, with economic expansion driving job creation, income growth and urbanisation, thereby supporting demand across residential, commercial, warehousing and infrastructure segments.

The State’s strong performance in services, including real estate-linked activity, further reinforces the sector’s role in the growth cycle. Continued focus on infrastructure development, industrial expansion, digital governance and investment facilitation is contributing to a stable and growth-oriented ecosystem.

With strong fundamentals including a skilled workforce, manufacturing base and urban development, Tamil Nadu is positioned to sustain growth, supported by ongoing reforms in approvals, infrastructure and ease of doing business.

Real Estate

05 Aug 2026

CREDAI-MCHI to Host 10th Design & Construction Conference

CREDAI-MCHI will host the 10th anniversary edition of its Design & Construction Conference on August 19, 2026, at the Jio World Convention Centre in Mumbai.The event is expected to bring together more than 500 procurement leaders, construction heads, architects, consultants and senior real estate decision-makers, alongside over 50 construction and ancillary brands.The conference will feature product launches, technology showcases, knowledge sessions, strategic business-to-business networking and recognition of procurement professionals contributing to the transformation of the construction..

BorgWarner Wins Extension for High-Voltage Inverter Programmes

BorgWarner has secured a major extension of several high-volume high-voltage inverter programmes from a leading European automotive manufacturer.The contracts cover updated inverter designs for plug-in hybrid and 800V battery-electric vehicle applications. Production is scheduled to begin in 2029.Isabelle McKenzie, President and General Manager, BorgWarner PowerDrive Systems, said the programme extensions demonstrate the company’s position in power electronics and reflect the strength of its technology, in-house expertise and customer relationships.For plug-in hybrid vehicles, BorgWarner wil..

Castrol India Q2 Profit Rises 43% to Rs 3.48 bn

Castrol India reported a 43 per cent year-on-year increase in profit after tax to Rs 3.48 billion for the quarter ended June 30, 2026, supported by growth across its consumer, industrial and institutional businesses.Revenue from operations increased 25 per cent to Rs 18.71 billion during the second quarter of 2026, compared with Rs 14.97 billion in the corresponding period of 2025. EBITDA rose 41 per cent to Rs 4.94 billion from Rs 3.50 billion.Sequentially, revenue increased from Rs 15.45 billion in the first quarter of 2026, while EBITDA rose from Rs 3.29 billion. Profit after tax increased ..