On February 1, Union Finance Minister Nirmala Sitharaman presented the Union Budget 2025 in the Lok Sabha, marking her eighth consecutive budget. The budget highlights the government’s commitment to inclusive development and economic growth, with a focus on increasing consumption. For FY26, ₹11.21 lakh crore has been allocated, with a strong emphasis on infrastructure development. This includes ₹1.5 lakh crore in interest-free loans for capital expenditure and a focus on Public-Private Partnership (PPP)-driven initiatives to enhance urban connectivity and promote economic growth. Additionally, the introduction of SWAMIH Fund 2.0, with ₹15,000 crore to revive stalled housing projects, will ensure their timely completion and rebuild homebuyer confidence. Continued support for affordable and mid-income housing will stimulate demand and help more people achieve homeownership.
Industry Experts Opinion on Union Budget 2025
Mr. Manoj Dhanotiya, Founder and CEO, Micro Mitti
“A healthy and a sustainable startup ecosystem is fundamental to a positive economic growth. The move by the government to enhance credit guarantee cover for start-ups from ₹10 crore to ₹20 crore and strengthen AIF for startups with commitments exceeding ₹91,000 crore is a welcome move. This approach helps the startup ecosystem unlock new opportunities to grow thereby bringing to the table greater financial resilience thereby empowering entrepreneurs and enterprises. This refreshing move further propels India’s commitment to continuous growth.”
Mr. Vishal Raheja, Founder & MD,InvestoXpert.com.
“The announcement of SWAMIH Fund 2.0 with an infusion of ₹15,000 crore is a game-changer for the real estate sector, particularly for homebuyers stuck in delayed projects. The first tranche of SWAMIH successfully delivered 50,000 homes and set the momentum for distressed project resolutions, and this new allocation is set to accelerate another 1 lakh unit completions. This move will not only provide relief to middle-class families struggling with dual financial burdens of EMIs and rent but will also revive consumer confidence in the real estate market. With over 4.12 lakh stalled units across the top seven cities, as per industry estimates, this step is a significant push towards unlocking liquidity and ensuring timely project deliveries. The government’s blended finance approach involving private investors and banks will further strengthen the sector’s resilience and boost housing demand.”
Mr. Sunil Sisodiya, Founder, Geetanjali Homestate for Budget Expectation.
“We welcome the Union Budget 2025’s strong emphasis on infrastructure development and urban rejuvenation, which are vital for fostering sustainable urban growth. The introduction of SWAMIH Fund 2, with an allocation of ₹15,000 crore to facilitate the completion of 1 lakh housing units, is a commendable move that will help resolve challenges faced by stalled and delayed real estate projects. This initiative will bring much-needed relief to homebuyers and drive momentum in housing delivery, reinforcing trust in the sector. As a key player in the real estate industry, we recognize the significance of a well-defined urban development framework to ensure planned growth, efficient infrastructure, and sustainable housing solutions.”
Ms. Manju Yagnik, Vice chairperson of Nahar Group and Senior Vice President of NAREDCO Maharashtra
“The Union Budget 2025-26 reaffirms the government’s commitment to inclusive development, economic growth, and a strategic focus on increasing consumption. For FY26, FM Sitharaman has allocated ₹11.21 lakh crore, reaffirming the government’s focus on infrastructure development and economic growth. The allocation of ₹1.5 lakh crore in interest-free loans for capital expenditure and the push for PPP-driven infrastructure projects will enhance urban connectivity and boost development. The launch of SWAMIH Fund 2 with ₹15,000 crore is a welcome move to revive stalled housing projects, ensuring timely completion and restoring homebuyer confidence. The continued emphasis on affordable and mid-income housing will further drive demand, supporting homeownership aspirations. Additionally, personal income tax reforms and a higher TDS threshold for senior citizens will improve disposable income, positively influencing housing affordability. With a fiscal deficit target of 4.8% for FY25, the budget balances growth and financial prudence. These measures collectively strengthen the foundation for a dynamic and resilient real estate market.”
Mr Sunny Bijlani, Joint Managing Director, Supreme Universal
“Union Budget 2025, Finance Minister Nirmala Sitharaman announced a significant change regarding self-occupied properties. Taxpayers are now allowed to claim the annual value of two self-occupied properties as nil, effectively exempting them from paying tax on notional rental income for both properties. Previously, only one self-occupied property could be claimed as tax-exempt, while additional properties were subject to tax based on deemed rental income, even if they were not rented out.
This amendment provides substantial tax relief to homeowners with multiple properties and encourages homeownership by reducing the financial burden associated with owning more than one home. It reflects a more progressive approach in accommodating the diverse needs of property owners.
Also, the real estate sector is set for significant growth, driven by the government’s unwavering commitment to infrastructure development. With 50,000 dwelling units already completed under the SWAMI scheme and another 40,000 in progress, housing demand is rising. The ₹15,000 crore SWAMI Fund 2 will provide essential financial support to stalled projects, ensuring timely completion and strengthening market stability.
Backing this momentum, Budget 2024 allocated ₹11.11 lakh crore for capital expenditure, maintaining the same level as the interim budget, accounting for 3.4% of GDP. The revised capex of ₹11.21 lakh crore further reinforces the government’s focus on infrastructure, fueling economic growth and creating a strong foundation for real estate expansion.
Increased investments in urban mobility, utilities, and connectivity will enhance residential and commercial developments, making cities more livable and business-friendly. These strategic reforms and higher infrastructure spending will unlock new investment opportunities, propelling long-term growth and reinforcing India’s vision for sustainable urban expansion.”
Mr. Gaurav Kedia, Chairman, Indian Biogas Association
“The Dhan Dhanya Krishi Yojana which aims to cover 100 low agro-productive districts was announced by the Finance Minister during her opening remarks. We believe that the initiative is a noble proactive step to create an economic opportunity in the rural areas as pointed out by her to ensure that migration becomes an option rather than a compulsion. The success of the scheme will be achieved when sustainable agricultural practices are enhanced, with organic farming taking center stage.Strengthening on FPO and cooperatives by setting up central boards with help of states shall ensure the implementation of scheme. The government’s commitment to the “agriculture growth” approach is a step towards building a resilient and more prosperous future for all Indians.”
Mr. Dhruv Agarwala, Group CEO, Housing.com & PropTiger.com :
“The Union Budget 2025 introduces transformative measures aimed at strengthening the real estate sector and making homeownership more accessible. The significant tax relief for the middle class—exempting individuals earning up to ₹12 lakh under the new tax regime—is a pivotal step. By easing the tax burden and enhancing disposable income, this move is set to boost household consumption, savings, and investments, thereby fuelling housing demand and overall economic growth.
The Government’s renewed focus on resolving stalled projects is reinforced through the ₹15,000 crore SWAMIH Fund 2.0, targeting the completion of 1 lakh housing units. With the fund already facilitating the delivery of over 50,000 homes and another 40,000 units expected by 2025, this initiative will play a vital role in restoring buyer confidence and improving liquidity in the sector.
Furthermore, the enhanced infrastructure outlay—spanning rural connectivity and new airport expansions—will unlock real estate potential in emerging regions. Improved connectivity not only enhances accessibility but also serves as a catalyst for residential and commercial growth in high-potential markets.
With these strategic interventions, Budget 2025 lays a strong foundation for sustainable growth, reinforcing homeownership aspirations and contributing to India’s broader economic momentum.”
Mr. Pradeep Aggarwal, Chairman, Signature Global (India) Ltd., on Union Budget 2025
“The Union Budget 2025 is a game-changer, reinforcing India’s commitment to inclusive and sustainable urban growth. The SWAMIH Fund 2 with ₹15,000 crore will accelerate the completion of stalled housing projects, bringing relief to over one lakh homebuyers. The ₹1 lakh crore Urban Challenge Fund will play a pivotal role in transforming cities into vibrant growth hubs, ensuring balanced regional development.
The masterstroke of direct tax reform—exempting income up to ₹12 lakh—will significantly boost disposable income, increasing affordability for homebuyers and driving real estate demand. Additionally, the government’s thrust on PPP-driven infrastructure with a structured three-year project pipeline will accelerate urban expansion, unlocking new opportunities for real estate and housing. These progressive reforms align with India’s vision of ‘Sabka Vikas’, fostering a robust ecosystem for homebuyers, developers, and investors alike.”
Mr. Harshvardhan Tibrewala, MD, Vida Realty
“The Union Budget 2025-26 explicitly highlights its move for strengthen the real estate sector, infrastructure, and also encourages employment for workers. The incorporation of SWAMIH Fund 2 that allocated ₹15,000 crores, allows stalled housing projects successful. Urban sector reforms are in the spotlight due to a ₹1 lakh crore Urban Challenge Fund on sustainable development and city infrastructure.
Valuation of two self-occupied properties at Nil rather than one can help reduce financial burdens on the owners of such properties and makes homeownership look attractive and cheaper. Income tax relief measures can bring more money to the people’s pockets that would increase the purchasing power, hence increasing the demand in housing sectors. On the demand side, the personal income tax reforms—particularly the increase in the TDS exemption on rental income from ₹2.4 lakh to ₹6 lakh and the higher tax deduction limits for senior citizens—will enhance disposable income and strengthen consumer sentiment.
Expansion of PM SVANidhi and other financial support schemes will scale up employment across real estate and allied industries and strengthen economic resilience. The budget approach to upskilling and social security for the construction workforce, especially in the informal sector, is a welcome step.
It includes ₹1.5 lakh crore worth of interest-free capital expenditure loans to be provided to states, which will hugely benefit large-scale infrastructure projects, from developers to contractors and to the small daily-wage laborers.
Together, these initiatives create a very favorable environment for real estate growth, urban development, and job creation. This is an opportunity for Vida Realty to be part of the rapidly transforming skyline of India while ensuring infrastructure and housing remain accessible and affordable for all.“
Mr. Badal Yagnik, Chief Executive Officer, Colliers India
“The Union Budget 2025-26 has continued to further the goal of ‘Viksit Bharat’ and ‘Sabka Vikas’ through transformative reforms across six key domains including urban & real estate development, power & mining sectors, financial services and taxation as well regulatory reforms. Balanced regional growth across tier I & II cities will be driven by engines such as agriculture, MSMEs, investments and exports. The National Manufacturing Mission, guidance framework for GCCs, start-up focused AIF, SWAMIH 2 fund and Urban Challenge Fund, all hold potential to significantly accelerate real estate growth across multiple real estate segments. The budget has continued to focus on improving the ease of doing business through innovation, technological upgradation and sharing of data between public & private sector establishments. The extension of the SWAMIH fund is a much-expected move as several real, estate projects continue to reel under stress due to funding constraints, delaying delivery of homes. Additionally, rationalization of taxes and enhancement of exemption limits can boost disposable income spurring consumption levels and real estate investments, particularly in residential real estate and alternate financial instruments such as REITs.”
Mr. Shrinivas Rao, FRICS, CEO, Vestian
“The Union Budget 2025 focuses on employment generation, boosting domestic consumption, and enhancing connectivity by concentrating on the rapid development of physical infrastructure and increasing disposable income of citizens. This will have a positive impact on increasing demand for all real estate asset classes across the country. Furthermore, the budget has an allocation of INR 15,000 Cr under the SWAMIH Fund for addressing liquidity issues of delayed housing projects. This along with the digitization of land records is expected to strengthen homebuyers’ confidence.”
Mr. Rao further added, “Upgradation of infrastructure facilities for air cargo will multiply the demand for warehousing across the country. Focus on setting up GCCs in tier-2 cities will transform the real estate landscape in the emerging cities of India.
Mr. Piyush Bothra, Co-Founder and CFO, Square Yards
“The recent budget introduces much-needed relief, particularly with the zero-tax provision on annual incomes up to Rs 12 lakh—a move that enhances disposable income and is expected to support homebuyers. Additionally, the allocation of Rs 15,000 crore under the SWAMIH Fund for completing 1 lakh stalled housing units is a significant intervention, providing relief to buyers impacted by delayed projects and supporting supply-side stakeholders.
However, additional measures could have further strengthened the sector. Increasing home loan deduction limits would have improved financing accessibility, particularly for first-time homebuyers and end-users. This could have enhanced affordability, eased credit constraints, reduced tax liabilities, and contributed towards meeting the projected demand of 93 million housing units by 2036.”
Sudarshan Lodha, Co-Founder & CEO, Strata SM REIT
“The Union Budget 2025-26 takes meaningful steps toward strengthening India’s infrastructure landscape, particularly through the expansion of the Public-Private Partnership (PPP) model and the continuation of the Asset Monetisation Plan. The ₹1.5 lakh crore interest-free loan to states for capital expenditure is a welcome move, as it will encourage long-term investments in critical sectors. Also, the ₹10 lakh crore Asset Monetisation Plan provides a much-needed boost to unlock value from existing assets and reinvest in new projects.
The revision in IT slabs is also a positive step, as it will add more liquidity and encourage wider participation in investments, including structured real estate opportunities. The evolving regulatory and fiscal framework will be crucial in ensuring that private capital finds efficient avenues to participate in infrastructure development. A well-defined regulatory framework will be key, and I’m looking forward to seeing how these policies translate into real investment opportunities.”
Mr. Rohit Katyal, Founder & Executive Chairman, Capacit’e Infraprojects
“As the Union Budget sets the course for India’s urban future, Capacit’e Infraprojects welcomes the ₹1 lakh crore Urban Challenge Fund—a visionary step towards sustainable city transformation. This initiative will catalyze smart redevelopment and infrastructure resilience, fostering next-gen urban ecosystems. With ₹10,000 crore allocated for FY 2025-26, the momentum for high-impact urban projects is stronger than ever.
We at Capacit’e Infraprojects remain optimistic about the government’s steadfast commitment to infrastructure development, particularly in the housing and urban sectors. The substantial increase in capex allocation for urban infrastructure and affordable housing, alongside a strong focus on green building technologies, aligns perfectly with our vision of delivering sustainable, high-quality construction solutions.
As one of the pioneers in high-rise and commercial infrastructure, we are eager to collaborate in shaping India’s evolving cityscapes, ensuring efficiency, sustainability, and innovation remain at the core of urban development. The government’s push to streamline business processes and boost construction activity further strengthens our strategic approach to scaling operations, enhancing our capabilities, and contributing to the nation’s infrastructural advancement.”
Mr. Udit Jain, Director, One Group
“The Union Budget 2025-26 presents a visionary roadmap for India’s growth, with a strong emphasis on infrastructure development, urban reforms, and housing support. The Finance Minister has outlined bold proposals aimed at accelerating economic progress through Public-Private Partnerships (PPP), interest-free loans to states for capital expenditure, and incentives for governance and urban planning reforms. These measures reaffirm the government’s commitment to strengthening municipal services, optimizing urban land use, and enhancing nationwide infrastructure.
Additionally, the government’s decision to revise tax slabs and reduce tax rates is a welcome move that will lead to significant savings for taxpayers, particularly the middle-income group. At a time when rising living costs, inflation, and increasing household expenses are putting financial pressure on individuals, this relief will offer much-needed financial breathing space.
Beyond individual benefits, this measure is expected to have a broader economic impact by boosting disposable income and enhancing purchasing power. With more money in hand, households will be in a stronger financial position to service home loans and invest in real estate, driving higher demand for home buying. A stronger housing market will not only benefit homebuyers but also stimulate growth across allied industries such as construction, home décor, and banking, further fueling economic momentum.”
Mr. Raoul Kapoor, Co-CEO, Andromeda Sales and Distribution Pvt Ltd
“We welcome the Union Budget 2025-26, which presents a strategic roadmap for accelerated economic growth while offering much-needed relief to the middle class. The Finance Minister has introduced progressive tax reforms that are set to increase disposable income, fostering both financial stability and consumer spending.
With the revised income tax slabs and reduced tax rates, a rough estimate suggests that taxpayers could save up to ₹10,000 per month, depending on their income bracket. This significant boost in savings will enable individuals to better manage existing loans and enhance their loan eligibility, making homeownership and other large investments more accessible.
The ripple effect of increased disposable income will be felt across the retail loan industry, as more individuals will have the financial confidence to take on new loans, whether for housing, automobiles, or personal financing needs. This policy move is expected to strengthen the banking and NBFC sector, further driving economic momentum.”
Mr. Vineet Nanda, Director Sales & Marketing, Krisumi Corporation
“The Budget 2025-26 marks a pivotal moment for our economy—a decisive step towards revitalizing demand and strengthening the backbone of our nation, the middle class. The tax exemption on income up to Rs 12 lakh is a welcome relief that will not only stimulate spending but also bolster confidence across various sectors, with real estate poised to be a prime beneficiary.
The launch of SWAMIH Fund 2, with a dedicated corpus of Rs 15,000 crore to complete one lakh stalled housing projects, stands out as a landmark initiative. This measure will accelerate the completion of essential housing projects and restore buyer confidence, laying a strong foundation for a more robust residential market.
Furthermore, the provision allowing the ownership of two self-occupied properties without additional tax conditions is a forward-looking move that will encourage investment in second homes, enhancing the diversity and resilience of the housing sector.
The budget’s strong focus on urban development—evident in the establishment of a Rs 1 lakh crore fund for developing cities as Growth Hubs—signals a clear commitment to transforming our urban centers into engines of economic progress. This initiative is set to drive sustainable urban redevelopment, modernize infrastructure, and unlock new growth opportunities.
At Krisumi Corporation, we see the Budget 2025-26 as a powerful catalyst for change. It aligns with our vision of fostering a dynamic and resilient real estate market that supports sustainable growth. We are ready to embrace these transformative measures and contribute to building a more prosperous future for our nation.”
Mr. Sahil Agarwal, CEO, Nimbus Group
“The Union Budget 2025-26 presents a well-balanced approach, addressing critical sectors of the economy while ensuring sustainable growth. Infrastructure development remains a top priority, with the government introducing various schemes to strengthen both urban and rural infrastructure, enhance connectivity, and drive economic expansion.
A key highlight of the budget is the government’s continued commitment to reviving stalled real estate projects. The Special Window for Affordable and Mid-Income Housing (SWAMIH) scheme, which has already played a pivotal role in unlocking delayed housing projects, is set to receive a major boost. The government has proposed the creation of SWAMIH Fund 2, a blended finance facility with contributions from the government, banks, and private investors. With a ₹15,000 crore corpus, this initiative aims to accelerate the completion of an additional 1 lakh housing units, providing crucial relief to homebuyers and stimulating growth in the real estate sector.
Additionally, tax slab revisions leading to higher disposable income will likely boost housing demand, as increased savings will encourage more individuals to invest in homeownership. By prioritizing infrastructure growth, housing revival, and economic stimulus, the budget lays the groundwork for long-term financial stability and a stronger real estate market.”
Mr Prashant Khandelwal, CEO, Agami Realty
“The Union Budget 2025-26 as presented by our Hon’ble FM Nirmala Sitharaman reinforces India’s position as the major economy on the world map, backed by a decade of structural reforms. The Govt’s focus on urban sector reforms, infrastructure expansion and clean tech manufacturing will provide a helping hand to shape the future of real estate. The Urban Challenge Fund of ₹1 lakh crore will boost the transformation of the cities into economic hubs by improving municipal services, land planning and better water management. With ₹15,000 crore in blended finance SWAMIH Fund 2 will accelerate the delivery of 1 lakh housing units, providing relief to homebuyers and unlocking stalled developments.
The recent tax revision, which raises the exemption limit to ₹12 lakh, offers substantial relief by boosting disposable income and unlocking new opportunities for real estate investment. This increase in disposable income, coupled with higher loan eligibility, is expected to drive strong demand for affordable housing. As more people become eligible for home loans, home ownership rates will rise, sparking a positive ripple effect throughout the economy.
The push for PPP infrastructure projects by the Government will help to expedite the urban expansion and generate employment. Also we thank the Government for its plans to invest in the clean tech manufacturing like solar PV, EV batteries, and grid-scale storage which will drive sustainable real estate growth. The ₹10,000 crore allocated for urban development in the coming year will prove a game changer for balanced and sustainable growth.”
Ms. Kavita Shirvaikar, Managing Director of Patel Engineering Limited
“The Union Budget 2025 placed a strong focus on the Public-Private Partnership (PPP) model, and we recognize the government’s initiatives to enhance the private sector’s role in the country’s development. It is anticipated that the coordinated three-year project pipeline of the government, which is supported by ministries and the India Infrastructure Project Development Fund (IIPDF), will not only speed up the completion of projects but also sustain private sector participation. The cooperative framework in which states are encouraged to bid for PPPs is considered an important step towards efficiency and faster infrastructure development in the country.
Further strengthening this momentum, the launch of the second Asset Monetization Plan, with ₹10 lakh crore earmarked for reinvestment, underscores the commitment to leveraging existing assets to fund new projects. Besides, sharing PM Gati Shakti data with private players will help improve project planning and execution and minimize inefficiencies in resource utilization. With these initiatives, the PPP model is well positioned to take a significant lead in the fast-tracking of India’s infrastructure development, foster cooperation between the public and private sectors, and drive sustainable economic growth.”
Bhavesh Kothari, Founder and CEO, Property First
“The Union Budget 2025 strikes a balanced approach towards supporting the real estate sector, especially for the middle class. The SWAMIH Fund’s expansion through the launch of SWAMIH 2.0 is a crucial step toward stalled housing projects, delivery of 100,000 homes, and much-needed liquidity in the affordable and mid-income housing segment. Simultaneously, the support of ₹15,000 crore to states, along with a well-defined three-year project roadmap, will further strengthen infrastructure development.
Though a reduction of ₹1 lakh crore in capital outlay for infrastructure may be worrisome, the government’s focus on public-private partnerships and an ambitious asset monetisation target of ₹10 lakh crore over the next five years should sustain infrastructure growth. If effectively implemented, these measures will improve housing availability, enhance investor confidence, and support long-term urban expansion, making real estate a key driver of economic progress.”
Mr Sunil Pareek, Executive Director, Assetz Property Group
“The Union Budget 2025-26 proposes a positive and consumption boosting outlook, with commitments towards easing business operations and simplifying compliance. Initiatives like the new Income Tax Bill, streamlined TDS and TCS processes, rationalization of tariffs and a push for digital governance reflect a strong focus on fostering a business-friendly environment to boost global and domestic investors confidence.
The increase in tax slabs, with NIL tax for incomes up to ₹12 lakh and the revised tax slabs, is a significant step in boosting disposable income and counter spending. Announcements around infrastructure funding, such as the ₹1 lakh crore Urban Challenger Fund and other development initiatives announced will enhance urban liveability but also create demand across the housing sector in long run. These measures will support real estate growth in the medium to long term through improved connectivity, affordability and job creation.
While some long-standing expectations, like increased tax incentives for homebuyers, remain unmet, the budget introduces some meaningful steps for the real estate sector. The launch of SWMHI Fund 2 is a critical move to address stressed projects, offering buyers greater confidence and providing liquidity to late stage projects. Additionally, allowing rental income relief for up to two self-occupied properties without attributing any notional rent will incentivize property investments and portfolio building. The increase in TDS limit for 6 lakhs for rental properties will also easy compliance burden especially now that rentals have gone up across the country. These measures along with putting more money in hands of people through direct tax relief will add their bit towards the resilient housing market.”
Mr Angad Bedi, Chairman and Managing Director, BCD Group
“The Union Budget 2025-26 enunciates a futuristic vision for Viksit Bharat with a strong focus on infrastructure and housing for boosting the country’s economic growth. The launch of SWAMIH 2.0 with a ₹15,000 crore blended finance facility is a significant step forward for affordable and mid-income housing. With 50,000 homes already delivered and another 40,000 on track, this initiative will provide much-needed liquidity and accelerate project completions.
The budget’s focus on infrastructure through a ₹1.5 lakh crore support to states and a robust PPP framework will drive urban transformation, particularly in Tier 2 and Tier 3 cities. Also, the Urban Challenge Fund of ₹1 lakh crore will further strengthen urban development.
The new regime also brings in new tax slabs, which would increase disposable incomes and make it easier for the middle-class to buy homes. While these steps are laudable, it is disappointing that the long-pending industry status for the real estate sector has not been granted yet. This would have opened up new financing opportunities and increased sectoral growth.”
Mr. Madhusudan G., CMD, Sumadhura Group
“Budget 2025’s personal income tax relaxation enhances middle-class liquidity, driving consumption and boosting housing demand. The removal of restrictions on owning two self-occupied properties without tax implications and the higher TDS exemption threshold on rental income (₹6 lakh) will spur fresh residential investments. Additionally, the government’s push for manufacturing under PM Gati Shakti, along with incentives for MSMEs, startups, and clean-tech sectors, will generate employment and income growth, fueling demand across residential, commercial, and warehousing segments. The expansion of Global Capability Centers (GCCs) has been prioritized, with a national framework to promote their growth in Tier-II cities. With GCCs occupying over one-third of India’s Grade A office stock and projected to drive 40-50% of leasing activity in 2025, this initiative will foster inclusive economic growth. Furthermore, strengthening warehousing and industrial real estate will enhance supply chain efficiency, supporting India’s vision of becoming a global manufacturing powerhouse.”
Sankey Prasad, CMD – India & Middle East, Colliers
“The Union Budget 2025, presented by the Hon’ble Finance Minister, is a progressive and growth-driven initiative that reinforces India’s vision for economic expansion, industrial development, and global competitiveness.
With a strong push for manufacturing, the Budget is expected to drive demand for office spaces, particularly for Global Capability Centers (GCCs), while boosting investments in warehousing and industrial real estate. Increased leasing activity will further strengthen these sectors, making India an attractive destination for long-term capital investments. Given the cyclical nature of real estate, these measures will ensure sustained growth and stability.
I welcome the introduction of the Liberalized Remittance Scheme (LRS), which will facilitate seamless international transactions, empowering businesses to expand globally. Additionally, raising the Tax Deducted at Source (TDS) threshold to ₹10 lakh will ease financial compliance and benefit the industry. The Budget’s decision to eliminate income tax for individuals earning up to ₹12 lakh annually will enhance disposable income, driving consumption and economic momentum. These strategic initiatives will position India as a global manufacturing powerhouse, strengthening its domestic economy while enhancing its presence in international markets.
As we move towards a Viksit Bharat, these reforms will pave the way for a more dynamic, investment-friendly, and globally competitive India.”
Mr. Kartik Radia – CEO, CLA Indus Value Consulting Private Limited
“Union budget 2025-26 is a comprehensive, rounded and an enabling budget with a clear focus on improving Middle class livelihood and lifestyle;Enablement of Farmers and Agricultural Economy; and overall ease of doing business. Budget has paved the way for new income tax regime leveraging upon 4 important engines of growth: Agriculture, MSME; Investment and Export. Other import focus areas have been Power sector, Agriculture, Healthcare, Enhancement of Jal Jeevan Mission, AI – Centre of Excellence for Education, Promotion of Tourism, Mining, Financial sector and Regulatory reforms and Urban Development.”
Mr. Anshul Singhal, Managing Director, Welspun One & Chairperson of ASSOCHAM National Council on Logistics & Warehousing
“The Union Budget 2025-26 highlights the Modi government’s commitment to infrastructure-led growth, digital integration, and investment-friendly reforms, laying the foundation for a robust and future-ready India. By prioritizing agriculture, MSMEs, investments, and exports – the four critical engines driving industrial expansion and supply chain efficiency – the budget seemed to be aligned to strengthen India’s position as a global manufacturing and trade hub. The ₹1.5 lakh crore allocation for infrastructure, the ₹1 lakh crore Urban Challenge Fund, and PPP-driven initiatives will catalyze the next wave of industrial expansion, transforming cities into economic hubs.
In logistics and warehousing, streamlining cargo screening, upgrading air cargo infrastructure, and evolving India Post into a national logistics powerhouse will redefine supply chain efficiencies and last-mile connectivity across urban-rural markets. Additionally, the budget’s strong focus on developing port facilities and strengthening port-based logistics hubs will accelerate our global trade ambitions. The introduction of the Bharat Trade Net, access to PM Gati Shakti data, and the Bilateral Investment Treaty reinforce the government’s push for an integrated and investment-friendly economy. Reducing turnaround times, optimizing supply chains, and fostering structured logistics clusters – these initiatives will decongest cities, enhance trade competitiveness, and drive economic growth. These measures, with the incentives for warehouse enhancements and dedicated logistics infrastructure, highlight a progressive shift towards sustainability, digitalization, and private-sector collaboration.
However, for sustained industrial expansion – simplified land acquisition, incentives for green warehousing, and tax clarity for AIFs remain crucial. Recognizing warehousing as a capital-intensive sector and extending GST benefits for industrial real estate will further encourage large-scale investments, helping India cement its position as a leader in global trade and industrial infrastructure. As India moves toward a $5 trillion economy, industry and policymakers must work together to execute these visionary reforms. At Welspun One, we look forward to contributing to this transformation—building a tech-driven, climate-conscious, and globally competitive logistics and warehousing ecosystem.”
Rishabh Singhania, Founder and CEO of Prismoline
“The three-year pipeline of infrastructure projects under the PPP (Public-Private Partnership) model, as announced in Budget 2025, will significantly boost the Indian economy by attracting Private Investment, it will encourage private sector participation and bring in additional capital. A structured pipeline will also ensure timely execution of critical projects in transportation, energy, and urban development.
And most importantly, large-scale infrastructure projects will generate employment across multiple sectors, and build job creation for the youth in the country. It will also lead to better project execution, improved service delivery, and technological advancements. This is a welcome step by the government in the infrastructure sector to boost the sector and will put the nation on a growth path.”
Mr. Pradeep Misra, Chairman & MD- Rudrabhishek Enterprises Limited (REPL)
“This was a real difficult budget to formulate, considering the overall macro-economic scenario, GDP growth curve and changing equations of geo-politics affecting the international trade. The Hon’ble Finance Minister has tried to create a balance of sustainable growth, welfare initiatives and employment generation. Focus of capital expenditure and infrastructure spending is clear signal that the government is determined to put the GDP growth back on the track of 8% or more in couple of years.
This is also important to notice that the global trade vibrancy is tapering down, and hence it is crucial to focus on the domestic front in terms of production. The budgetary emphasis on sectors like Make in India, MSME, technology, defense and agri-infra are initiative in this direction.
Infrastructure & Urban Development has multiple focal points in the infrastructure such as reemphasis on PPP, setting up fund of Rs 1 lakh crore on redevelopment of cities, 120 news airports under UDAN. It is also a very positive thing that the government has decided to give access of relevant data and maps under PM Gati Shakti scheme to the private sector.
The budget also has made noticeable provisions in the income tax slabs for increasing the disposable income in the hands of common people which will in turn strengthen domestic demand and household consumption necessary for ensuring growth.
The MSME sector has rightly been put as second engine of growth as it is a major export contributor. However, export oriented MSMEs could get the support from the government in terms of PLI, technology upgrade, capacity building and tax-benefits. We strongly believe that in the follow up policy announcements, these issues will be addressed by the FM.
The Real Estate sector was expecting rationalization is GST rates of building material and other policy announcements to address the liquidity issues. However, as it remains unaddressed, the Realtors will feel a bit disappointed.
Overall the Budget is in line with the expectations and it should lead to steady revival in GDP growth. A lot will depend on how speedily the large scale flagship programs are rolled out, while keeping the fiscal deficit in check.”
Mr. Virendra D. Mhaiskar, Chairman & Managing Director, IRB Infrastructure Developers Limited
“The budget reflects a genuine commitment to spur up growth by placing more money in the hands of people , while Govt stick to fiscal prudence. This is a tough act but a right one to keep the country geared up to tackle global uncertainties. With corporate balance sheets fairly strong govt wants private sector to step up on capex and asset monetization target of 10 lac crores will make significant opportunities available for private sector to deploy resources. The continuation of tax exemption to sovereign wealth funds & pension funds sends right message to global money that they are welcome to participate in the Indian growth story.”
Mr. Amit Sharma, Managing Director & CEO, Tata Consulting Engineers
“The Union Budget 2025-26 delivers a transformative push across key sectors, reinforcing India’s commitment to sustainable growth and self-reliance. The National Manufacturing Mission’s focus on cleantech industries, including solar PV cells, EV batteries, electrolysers, and grid-scale batteries, will strengthen domestic value addition and position India as a key player in global clean energy supply chains. Investments in power transmission and distribution, along with electricity distribution reforms, will modernise the sector and ensure financial stability for DISCOMs.
Nuclear energy is a key pillar of India’s energy security and self-sufficiency, supporting a steady shift to cleaner power while keeping the grid stable. The goal of reaching 100 GW of nuclear capacity by 2047 is backed by important reforms, including changes to the Atomic Energy Act and the Civil Liability for Nuclear Damage Act, allowing private sector involvement in nuclear projects. The ₹20,000 crore investment in small modular reactors (SMRs) highlights India’s plan to use its rich thorium reserves for long-term energy independence. These advanced nuclear technologies will provide reliable, scalable, and low-carbon energy, strengthening the country’s energy supply. This approach broadens the energy mix and ensures long-term sustainability by reducing dependence on imported fossil fuels.
Infrastructure remains a key driver of economic growth, with ₹1.5 lakh crore in long-term interest-free loans to states and ₹25,000 crore for maritime expansion, strengthening India’s connectivity and trade competitiveness. The extension of the Jal Jeevan Mission, the ₹1 lakh crore Urban Challenge Fund, and affordable housing initiatives will enhance urban living standards. The Critical Minerals Development Policy, alongside customs duty exemptions on essential resources, ensures a secure supply chain for high-tech industries, supporting India’s ambitions in advanced manufacturing and clean energy. Green bonds and hydrogen R&D incentives further reinforce our commitment to a net-zero future. Tata Consulting Engineers stands ready to contribute through innovative engineering solutions, supporting India’s journey towards a resilient and globally competitive economy.”
Mr. Umesh Chowdhary, Vice Chairman & MD, Titagarh Rail Systems Limited
“We welcome the Union Budget 2025-26, which reinforces the government’s commitment to strengthening India’s rail infrastructure and operational efficiency. The ₹2.9 lakh crore allocation, a 12% increase from last year, supporting 300 new Vande Bharat trains, modernization of 1,200 stations, 100% route electrification, and bullet train expansion, will drive key developments. Investments in freight corridors and AI-driven Kavach safety systems will enhance logistics and passenger safety, while the focus on rail MRO capabilities ensures long-term reliability. Additionally, export-driven initiatives under the National Manufacturing Mission and Export Promotion Mission will bolster India’s global competitiveness, opening new avenues for manufacturers and aligning with the Viksit Bharat vision.
The creation of a ₹25,000 crore Maritime Development Corpus, along with revamped shipbuilding financial assistance, will empower Indian companies to invest in modern vessels, advanced technology, and infrastructure, ultimately making them more competitive in the global market. Additionally, the establishment of shipbuilding clusters and port expansions will enhance the industry’s infrastructure, leading to increased efficiency and lower costs.”
Way Forward
The Union Budget 2025 sets the direction for growth in infrastructure, real estate, and housing. The launch of SWAMIH Fund 2.0, higher capital expenditure, and tax relief aim to improve liquidity and boost demand. Going forward, smooth implementation, better regulation, and private sector support will be key. A steady focus on expanding infrastructure and making housing more accessible will help drive long-term progress.
Mr. Deep Vadodaria – CEO of Nila Spaces
“The Union Budget 2025 presents a strong focus on urban development and real estate growth. The 1 Lakh crore Urban Challenge Fund and the SWAMIH Fund 2 with Rs 15,000 crore will help address infrastructure gaps and provide relief to lakhs of homebuyers. The modified Udaan scheme, expanding to 120 new destinations, will boost connectivity and drive real estate sales by encouraging migration to new areas. A notable point, with the income tax exemption for earnings up to Rs 12 lakhs will also help the working class save more, potentially enabling them to invest in their dream homes. Overall, the budget takes significant steps toward a more connected and financially secure India.”
Mr. Aman Sarin, Director & Chief Executive Officer, Anant Raj Limited
‘The Union Budget 2025-26, presented by the Finance Minister, reflects the government’s commitment to holistic economic growth, addressing key sectors such as agriculture, infrastructure, exports, entrepreneurship, and ease of doing business. It is a well-balanced budget that not only promotes macro-level economic stability but also delivers direct financial relief to individuals and industries.
For the real estate sector, the government has reinforced its support for stalled housing projects through the SWAMIH Fund, ensuring the timely completion of financially stressed projects. This initiative will provide relief to lakhs of homebuyers who have been waiting for possession, instilling renewed confidence in the sector and boosting overall housing demand.
A major highlight of the budget is the introduction of significant tax relief measures, marking one of the most notable savings opportunities for taxpayers in recent years. With enhanced disposable income, individuals will have greater purchasing power, improving affordability in the housing market. This is expected to drive higher demand in the affordable and mid-segment housing categories, as potential homebuyers will find it easier to service home loans and invest in real estate.”
Mr. Mohit Goel, Managing Director of Omaxe
“Budget 2025-26 lays a robust foundation for India’s real estate landscape, with a strong focus on infrastructure-led growth and housing affordability. The ₹10 lakh crore asset monetization plan, coupled with the ₹1 lakh crore Urban Challenge Fund, will accelerate urban redevelopment and boost commercial real estate. The expansion of MSME credit will create fresh demand for office spaces, retail hubs, and warehousing, strengthening the backbone of India’s commercial sector. Additionally, the ₹10,000 crore Fund of Funds for Startups and the increase in credit guarantee cover from ₹10 crores to ₹20 crores will empower new businesses, further driving demand for co-working spaces, innovation hubs, and commercial leasing, boosting commercial real estate in metro and Tier-2 cities. At the same time, the ₹15,000 crore SWAMIH Fund 2 will fast-track the completion of 1 lakh affordable homes, giving a much-needed push to housing accessibility. With income tax relief and TDS/TCS reforms putting more money in the hands of the middle class, including salaried individuals and senior citizens, housing demand is set to rise. Furthermore, the introduction of social security measures for gig workers marks a progressive step toward financial inclusion. Collectively, these initiatives position the real estate sector for sustained growth, driving both economic expansion and urban transformation.”
Ms. Amrita Gupta, Director of Manglam Group and Founder President of CREDAI Rajasthan Women’s Wing
“We welcome the Budget 2025-26 for its strategic focus on housing, economic resilience, and tourism-led growth. The ₹15,000 crore SWAMIH Fund 2 will fast-track the completion of 1 lakh stalled housing units, restoring liquidity and boosting homebuyer confidence. Targeted rental housing incentives and self-occupied home tax benefits will further drive demand, particularly among urban and middle-income buyers. The expansion of MSME credit and women-centric entrepreneurship initiatives will enhance financial independence, fostering both homeownership and commercial real estate growth. Additionally, the development of 50 top tourist destinations will unlock vast opportunities in hospitality, retail, and urban infrastructure, reinforcing tourism as a key economic driver. With infrastructure expansion and substantial income tax relief, this budget creates a strong foundation for sustained growth across housing, tourism, and allied sectors, making homeownership and investment more accessible than ever.”
Mr. Aditya Kushwaha, CEO and Director Axis Ecorp
“Amid global economic turbulence, India’s luxury real estate sector is not just enduring but thriving, driven by resilience, ambition, and an expanding investor appetite. Budget 2025-26 accelerates this momentum with a sharp focus on urban transformation, backed by the ₹10 lakh crore asset monetization plan and ₹1 lakh crore Urban Challenge Fund. Expanding expressways, airports, and smart cities will enhance connectivity, making high-end residential and commercial spaces more attractive to investors. Additionally, the government’s push to develop 50 top tourist destinations will create new demand for luxury hotels, branded residences, and premium retail hubs, reinforcing tourism as a key economic driver. Enhanced foreign investment policies and expanded NRI participation will further unlock capital inflows, strengthening India’s position as a premium real estate destination. With infrastructure-led growth and regulatory ease, the sector is set for sustained expansion.”
Mr. Vishwajeet Jhavar, MD, Marvel Realtors
Urban Infrastructure & Housing Development:
“The ₹1 lakh crore Urban Challenge Fund is a transformative step towards creating world-class cities. By encouraging public-private partnerships and redevelopment initiatives, this budget paves the way for sustainable housing, modern infrastructure, and improved urban living standards.”
Tax Relief for Homebuyers:
“The revised tax exemption on two self-occupied properties is a welcome relief for homeowners and real estate investors. This move will not only ease the financial burden on middle-class families but also encourage real estate investments, driving growth in the housing sector.”
Tier-2 Cities as Real Estate Hubs:
“With a structured national framework for Global Capability Centers (GCCs) in Tier-2 cities, India is fostering the next phase of real estate expansion. Strengthening infrastructure, easing bylaws, and boosting industry collaboration will position emerging cities as dynamic hubs for businesses and housing.”
Mr. Shekhar.G. Patel, Managing Director & CEO, Ganesh Housing Corporation Limited
“The 2025 Union Budget marks a watershed moment for India’s real estate landscape. The government’s strategic focus on affordable housing and commercial infrastructure development is particularly noteworthy. The expansion of GCCs into tier-two cities isn’t just a business decision – it’s reshaping our urban landscape. We’re witnessing unprecedented demand for Grade A office spaces in cities that weren’t on our radar five years ago. Additionally, the Udaan scheme’s focus on regional air connectivity is a game-changer for real estate markets in emerging cities.
The PM Gati Shakti initiative’s emphasis on multimodal connectivity is particularly promising. It is well known that improved infrastructure invariably catalyzes real estate growth. The initiative’s integrated approach to infrastructure development will unlock new growth corridors and investment opportunities. These reforms reflect a mature understanding of the real estate sector’s multiplier effect on economic growth. As industry leaders, we’re gearing up to leverage these opportunities while contributing to India’s urban development story”.
Mr. Manish Jaiswal, Managing Director and CEO of Grihum Housing Finance Limited
“This budget is not an isolated event but the culmination of seven years of economic stability, where each budget builds upon the last in a cascading manner. Persistent inflation and high interest rates have constrained disposable income, but the newly announced tax incentives will inject liquidity, revitalize consumer sentiment, and stimulate both urban and rural demand—particularly among the middle and lower-income groups—while also strengthening the nation’s credit character.
Structural reforms from past budgets are now converging, particularly in infrastructure, housing, and financial inclusion, benefiting both SMEs and self-made individuals. In housing, PMAY Urban 2.0, the revitalized interest subsidy scheme, and the rollout of the mortgage credit guarantee—announced last year but taking effect now—along with the operationalization of the RMBS platform, will accelerate real housing construction in India. This will drive employment, economic activity across 400 allied housing and building material and allied industries, and fuel both urbanization and ‘rurbanization.’ As a result, the top 100 cities will witness immense expansion beyond municipal limits, easing congestion in major metros.
The government has sent a strong message: it aims to trust, empower, and simplify—reducing the friction of taxes and disputes while fostering an ecosystem of entrepreneurship. With an expanded focus on PLI across new sectors and a range of credit and liquidity support mechanisms, the baton now passes to states and entrepreneurs to capitalize on these opportunities and do the much needed heavy lifting. The Centre has laid the foundation—it is now time for action.”
Mr. Brij Bhushan Agarwal, Vice Chairman & Managing Director, Shyam Metalics and Energy Limited
“The budget reflects a balanced approach, It brings forward new ideas for sustainable growth and development, making it a well-structured and forward-looking financial plan. By bringing forward new ideas to tackle underdevelopment in education, it paves the way for sustainable growth and progress, making it a well-structured and forward-looking financial plan.”
Mr. Shalabh Chaturvedi, MD, CASE Construction Equipment – India & SAARC
“The Union Budget reflects a strong commitment to inclusive and sustainable growth, covering key areas such as infrastructure development, green energy, taxation reforms, and social welfare. The substantial increase in funding for key infrastructure projects, NIP extension, bridging the rural-urban divide, and enhanced allocations urban infrastructure set the stage for new opportunities in Construction Equipment Industry. The ₹2.87 lakh crore allocation for road transport and highways is a significant investment that aligns with our mission to support and strengthen India’s infrastructure growth.
Furthermore, the emphasis on National Centers of Excellence for Skilling and vocational training is a welcome move, ensuring that India is future-ready by integrating innovation, technology, and workforce development. With initiatives like the National Manufacturing Mission, 50,000 Atal Tinkering Labs, and Centres of Excellence in AI, the government is fostering a robust ecosystem that promotes growth, upskilling, and employment generation. We are excited to be part of this transformative journey and contribute to India’s economic and industrial progress.”
Mr. Puneet Vidyarthi, Head of Brand Marketing, CASE Construction Equipment – APAC & President, Rural Marketing Association of India
“The Union Budget places a strong emphasis on agricultural growth and rural prosperity, reinforcing the foundation of ‘Bharat.’ The modified UDAN scheme, aimed at connecting 120 new destinations across India, is a game-changer, paving the way for progress by enabling better connectivity, fostering reverse migration, and generating employment opportunities in Tier 2 and Tier 3 cities.
Additionally, allowing states an additional borrowing limit of 0.5% of GSDP opens the door for more regional-level reforms and development. The budget strikes a unique balance between urban and rural growth, green initiatives, infrastructure expansion, innovation, and social welfare. In essence, this budget empowers rural India, ensuring inclusive and sustainable progress for the nation.”
Mr. Sharan Alla, Regional Head, Ramky Estates and Farms
‘The Union Budget 2025 introduces several promising measures to create a more dynamic and investment-friendly urban landscape. Key priorities include city redevelopment, infrastructure expansion, and tax relief measures. The push for sustainable urban growth and enhanced connectivity, coupled with tax restructuring, is expected to have a notable impact on the real estate industry.
The Budget introduced a new Urban Challenge Fund with a corpus of ₹1 lakh crore, aimed at the creative redevelopment of cities, leveraging a PPP model. The National Geospatial Mission, which is revolutionizing land records and infrastructure planning, will assist the real estate industry by streamlining processes.
On the personal finance front, the Budget has increased the NIL taxable income threshold to ₹12 lakh and introduced a major tax exemption, allowing individuals to declare two self-occupied properties without conditions, thereby removing notional rent taxation. These measures provide financial flexibility for homeowners, making multiple property ownership more viable.
By focusing on structured urban redevelopment, strategic infrastructure investment, and tax relief, the Budget is shaping the real estate industry to be more future-ready, offering new opportunities for homeowners and investors alike.’
Mr. Ajitesh Korupolu, Founder & CEO, ASBL
“From a personal finance perspective, the budget introduces a significant tax exemption for individuals owning two self-owned properties, easing the financial burden for those looking to expand their real estate holdings. Additionally, the tax relief aimed at the middle class is expected to reduce the overall tax burden, giving individuals more financial flexibility as they consider buying their first home. While these moves aren’t direct incentives for home loan interest, they still play a crucial role in making homeownership more accessible. Reforms in REITs are also anticipated to provide increased liquidity in the market, opening up new investment opportunities.
By focusing on infrastructure and easing the tax burden, the budget is laying the foundation for a more feasible path to homeownership, especially for those in the middle-income bracket looking to step into the real estate market.”
Mr. K.V. Karthik, President of IPMA
“The increase of Kisan Credit by Rs. 2 lakh will directly spur demand for agricultural pumps, benefiting farmers and the industry alike. Additionally, the extension of the Jal Jeevan Mission to 2028 will create sustained business opportunities, ensuring a continued push for water accessibility across the nation.
Further strengthening India’s industrial landscape, the government’s commitment to the Nuclear Power Mission with a strong emphasis on indigenization is set to open new avenues for Indian industries, including the pump manufacturing sector. With these visionary initiatives, we anticipate increased investments, technological advancements, and greater self-reliance in critical sectors.
IPMA remains committed to supporting these national objectives by delivering world-class pump solutions to meet India’s growing demands across agriculture, water infrastructure, and energy sectors.”
Mr. Routhu Nagaraju – Chief Executive Officer, Experion Developers
“The Union Budget 2025 has introduced several transformative measures that will significantly impact the real estate sector and urban development. The ₹1 lakh crore Urban Challenge Fund is a visionary step toward modernizing cities, fostering creative redevelopment, and positioning urban centers as growth hubs. This initiative, combined with the National Geospatial Mission to modernize land records and infrastructure planning, will streamline urban development and unlock new opportunities for real estate projects.
The announcement of SWAMIH Fund 2.0 with a ₹15,000 crore allocation to complete 1 lakh stalled housing units is a much-needed boost for homebuyers and developers alike. This will not only revive stalled projects but also restore confidence in the housing market, ensuring timely delivery of homes for middle-class families. Also, the increase in disposable income due to revised tax structures will enhance home affordability and borrowing capacity, driving demand in the residential real estate sector. Also, one can now have 2 self occupied homes without any tax liability. At Experion, we are excited about these remarkable announcements and remain committed towards contributing to India’s urban transformation by delivering innovative, high-quality real estate solutions.”
Mr. Avinash Rao, Founder of Alt DRX
“This budget is a transformative blueprint for India’s real estate and infrastructure sectors. The tax relief on a second self-occupied house and the TDS threshold hike on rent will stimulate demand for residential and rental properties, empowering homeowners and tenants alike. Combined with the ₹15,000 crore allocation to complete 40,000 stalled housing units under SWAMIH 2.0, this budget addresses both affordability and trust deficits in the market.
The ₹1 lakh crore Urban Challenge Fund and PPP-driven infrastructure pipeline will catalyze smart city development, creating opportunities for integrated townships and commercial hubs. Initiatives like airport expansion under UDAN 4.0 and the focus on temple tourism (including Buddhist circuits) will drive real estate demand in emerging destinations, from Patna to spiritual corridors.
With disposable incomes rising due to tax reforms and long-term interest-free loans for PPP projects, this budget retains our ‘Buy’ outlook for 2025. At Alt DRX, we are poised to leverage these reforms to deliver innovative, community-centric real estate solutions that redefine urban living.”
Mr. Robin Chhabra, Founder and CEO of Dextrus
“The Union Budget 2025 has introduced several progressive measures that will have a lasting impact on the real estate sector. Increased allocation for infrastructure development, urban housing, and smart city projects is a welcome move, as it will drive demand and enhance the overall real estate landscape.
The continued push for affordable housing through incentives and tax benefits will encourage homeownership and boost residential sales. Additionally, policies promoting green and sustainable construction align well with the sector’s long-term goals.
However, there remains a need for further clarity on GST rationalization and single-window clearance for real estate projects, which would streamline approvals and boost investor confidence. A strong focus on easing credit access for developers and homebuyers alike would further accelerate sectoral growth.
Overall, this budget is a step in the right direction, fostering growth, sustainability, and resilience in the Indian real estate market.”
Mr. Mrinaal Mittal, Director, Unity Group
“The announcement of SWAMIH 2, with a corpus of ₹15,000 crore, marks a significant boost for the real estate sector, particularly for affordable and mid-income housing. Building on the success of its predecessor, this blended finance facility will expedite the completion of one lakh housing units, addressing the pressing concerns of families stuck between paying rent and home loans. Additionally, the commitment to complete 40,000 housing units in 2025-26 demonstrates the government’s proactive approach to alleviating housing woes. This initiative not only supports homebuyers but also rejuvenates confidence in the real estate ecosystem, fostering economic growth and employment. The collaboration of the government, banks, and private investors is a testament to the collective effort to make housing truly affordable.”
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