As the Union Budget 2026 draws closer, the real estate sector is outlining clear expectations from the government to address affordability challenges, rising construction costs, and the changing dynamics of urban housing demand. With residential prices climbing steadily across major cities and redevelopment emerging as a critical urban solution, developers are seeking policy measures that better reflect current land values, financing realities, and the scale of housing demand in high-growth corridors.
Industry leaders are particularly focused on revisiting affordable housing price thresholds, rationalising GST on under-construction homes and works contracts, and accelerating approvals and funding under PMAY-Urban. Alongside continued investment in metro rail, expressways, and urban infrastructure, these measures are seen as essential to unlocking stalled projects, improving housing supply, and supporting sustainable, long-term growth in India’s real estate sector.
Budget 2026: Industry Expectations
Mr. E Lakshminarayana Reddy, Founder & CEO, EARA Group
“As we approach Union Budget 2026, the focus must shift beyond just housing numbers to the quality of living. While we anticipate standard relief measures like industry status and tax rationalization, our primary expectation is a strong policy push for sustainable, eco-sensitive development.
Specifically for markets like Bangalore, where luxury is increasingly synonymous with ‘nature-near’ living, we expect a strong policy push for developments that integrate biophilic design and renewable energy. A lower GST bracket for green-certified premium projects, coupled with higher tax deductions on home loan interest (Section 24), would be a game-changer for buyer sentiment. By incentivizing responsible luxury, the government can encourage developers to create spaces that are not just homes, but sanctuaries that co-exist with nature.”
Mr. Aniruddha Mehta, Chairman and Managing Director, Umiya Buildcon
“The Union Budget 2026 is a key opportunity to strengthen India’s real estate sector, particularly as urban housing demand continues to rise, with double-digit price growth observed in major cities over the past year. For developers, policy measures that enhance housing affordability, reduce financing costs, and incentivize sustainable development will be critical to sustaining growth and meeting rising demand.
Increasing tax benefits on housing loans under Section 24(b) could ease financial pressure on homebuyers, while enhancing incentives under Section 80-IBA for affordable housing projects would encourage developers to expand inclusive housing supply, addressing a nationwide shortfall of several million units.
With interest rates stabilising and urban housing demand remaining robust, a well-balanced budget that supports both buyers and developers can unlock investment, boost employment, and contribute meaningfully to India’s infrastructure and economic goals in 2026.”
Mrs. Ankita Luharuka, CEO, Alliance City Developers
“Budgets play a critical role in shaping how cities evolve. For developers who works closely with redevelopment communities, clarity around approval processes, sustainability-linked incentives, and disciplined financial frameworks can go a long way in easing the transition from ageing housing to safer, more livable urban homes. A Budget that reinforces transparency and long-term planning does not just support the real estate sector—it directly improves outcomes for residents who place long-term trust in the redevelopment process.”
Mr. Shiv Garg, Director, Forteasia Realty Pvt. Ltd.
“The real estate sector is looking for a clear signal from the government regarding the alignment of tax policies with the new urban housing price realities as we approach Budget 2026. The existing limit of ₹45 lakh for the ‘affordable housing’ category and the associated 1% GST benefit do not correspond to the land and construction costs in most of the development areas.
A realistic price bracket of ₹80–90 lakh and a reduction in GST rates on works contracts from 18% to 12% can lead to the revival of the projects which are stalled and also the opening up of a new supply pipeline. In addition to this, a higher allocation for PMAY-Urban, along with quicker approvals, will not only benefit the first-time buyer in India’s growing cities but also the entire housing sector as it will lead to more livable and ready-to-move-in homes.”
Mr. Aman Gupta, Director, RPS Group
“Budget 2026 is a crucial chance to make the homeownership situation in NCR and other high-growth areas much better by giving incentives to buyers, developers and lenders in a more unified way. The mid-income housing projects have a major share of users who are above the ₹45 lakh affordable cap and, as a result, are not getting the benefit of the 1% GST and the tax incentives.
If the limit is raised to around ₹90 lakh, the revival of the first-time buyer additional interest deduction like 80EEA, and easing of credit for developers, then there will be a significant reduction in the acquisition cost as well as the EMI burden.
When sustained investment in metro, expressway, and urban infrastructure is added to these measures, the demand for housing in the peripheral corridors will be met with faster sales and the sector will enjoy a stable, long-term growth.”
Mr. Pakshal Sanghvi – Managing Director of Sanghvi Realty
“As the Budget approaches, real estate developers are closely watching how policy responds to the changing economics of urban housing. Construction costs, compliance requirements and capital costs have risen structurally over the past few years, while pricing power has remained selective. The next phase of growth will depend less on incentives and more on predictability—stable tax policies, faster approval frameworks and infrastructure-led planning. For developers, clarity is more valuable than concessions. A Budget that improves visibility on long-term urban development, financing access and execution certainty will help the sector plan responsibly rather than reactively.”
Mrs. Ankita Luharuka – CEO of Alliance City Developers
“Budgets play a critical role in shaping how cities evolve. For developers who work closely with redevelopment communities, clarity around approval processes, sustainability-linked incentives, and disciplined financial frameworks can go a long way in easing the transition from ageing housing to safer, more livable urban homes. A Budget that reinforces transparency and long-term planning does not just support the real estate sector—it directly improves outcomes for residents who place long-term trust in the redevelopment process.”
Ms. Manju Yagnik, Vice Chairperson of Nahar Group and Senior Vice President of NAREDCO- Maharashtra
“The real estate sector is looking to Budget 2026 for measures that can meaningfully expand homeownership and strengthen the residential ecosystem, particularly for first-time and mid-income buyers who are increasingly impacted by high property prices and borrowing costs. The recent repo rate reduction has provided a positive signal for the housing market, improving affordability and sentiment, and the Budget offers an opportunity to build on this momentum through targeted fiscal support.
A key expectation is a renewed focus on reducing the effective cost of home loans. Enhanced interest subventions, longer and more flexible loan tenures, and targeted incentives for first-time buyers can help convert lower policy rates into real EMI relief, especially in large urban centres where affordability remains stretched.
There is also a need to revisit housing incentive frameworks to align eligibility thresholds with current market realities. Updating income and property value limits in line with rising urban prices can ensure benefits reach genuine.”
Mr. Anurag Goel, Director, Goel Ganga Developments
“For a rapidly urbanising India, this Budget needs to regard housing as essential infrastructure rather than a treatable asset class. PMAY-Urban 2.0 and a multi-lakh-crore commitment for urban housing have already announced the tremendous intent of the government, but now the policy fine-tuning is critical to the supply on the ground matching the intent.
Rationalising GST on under-construction homes, increasing the affordable housing price band, and extending the targeted tax deductions for end-users will make the projects workable and the homes available, especially in Tier 1.5 and Tier 2 cities which are becoming the employment hubs.
If Budget 2026 provides clarity and stability in these areas, the developers would surely invest in environmentally friendly, high-density and near-transport communities that would be supportive of India’s growth during the next decade.”
Mr. Siddharth Maurya, Founder & Managing Director, Vibhavangal Anukulakara Pvt. Ltd.
“Both investors and potential homeowners are considering Budget 2026 as a potential signal regarding the seriousness with which India views the speeding up of its ‘Housing for All’ and urbanisation policy. The request from the authorities is very simple: redefine affordable housing, give more precise and time-limited tax incentives, and make the 1% GST benefit applicable to a broader and more realistic price range in the major cities.
GST reduction on developers’ input services and works contracts will help cut costs and prevent low-quality construction. Higher PMAY allocations and ongoing investments in metro, regional rail and logistics infrastructure could make real estate an even more robust source of jobs, consumption and long-term wealth creation for Indian families.”
Mr. Ajitesh Korupolu, Founder & CEO, ASBL
“As a new‑age infrastructure and real‑estate developer, we expect Budget 2026 to keep its focus firmly on connectivity, liveability and sustainability. Continued investment in city‑level infrastructure—roads, metro corridors, civic assets and water management that directly shapes the quality of life in our micro‑markets and supports integrated township development.
A predictable policy environment, especially around land approvals, taxation and single‑window clearances, will help developers plan long‑term and bring better‑designed, future‑ready communities to market. We also hope for incentives that bridge infrastructure and housing, such as stamp duty relief in smart city zones and support for green building certifications.
Budget 2026 is an opportunity to create synergies between infrastructure spending and real estate demand. By prioritising transit-oriented development and sustainable urban planning, the government can unlock private investment in live-work-play ecosystems that create jobs, drive consumption and build inclusive cities. ASBL is committed to delivering projects that embody these principles.”
Mr. Vikas Bhasin, Managing Director, Saya Group
“As we look toward the Union Budget 2026, we hope the government continues to prioritize reforms that uplift the lives of our citizens through a stronger real estate sector. This industry is more than just numbers; it is the second-largest source of livelihoods in India. By supporting real estate, the government will be able to support the families and workers who build our nation, while providing stable, long-term security for those seeking a place to call home.
Our primary hope is that the government continues to invest in infrastructure that truly connects people—making our cities more livable, efficient, and accessible for everyone. Expanding programs like the Credit Linked Subsidy Scheme (CLSS) would be a compassionate step forward, making the dream of homeownership a reality for many more families.
From a real estate developer’s perspective, the upcoming Union Budget is a crucial opportunity to further strengthen home ownership, which remains both a basic necessity and a key national priority under the government’s vision of “Housing for All.” One of the long-pending expectations of the sector is the grant of industry status to real estate, which would improve access to institutional finance, lower borrowing costs, and bring greater transparency and professionalism to the sector.
Affordability continues to be the biggest lever for demand, and the government can play a meaningful role by rationalising or further reducing GST and stamp duty. Together, these levies add nearly 12–15% to the overall cost of home buying, significantly impacting end-user budgets, especially in mid-income and affordable segments. Any relief on this front would directly translate into improved purchasing power and faster decision-making.
Additionally, since a majority of homebuyers rely on housing loans to fund their purchases, there is a strong case for enhancing the income-tax deduction on home loan interest. With property prices and average loan sizes having increased substantially over the years, the current limits are no longer aligned with market realities. Increasing the deduction to at least ₹5 lakh would provide meaningful relief to buyers, improve EMI affordability, and give a sustained boost to genuine end-user demand across markets.”
Mr Cyrus Mody, Founder & CEO, Viceroy Properties
“The upcoming Union Budget is expected to maintain consistent policies that drive further growth of luxury homes in India, especially in Mumbai, where there is increasing demand from High Net Worth Individuals (HNIs), affluent users, and end users who now invest between 25-30% of their disposable income into real estate as part of their wealth preservation strategy. The strong shift towards luxury homes being developed, as well as the increase in sales of ₹1 crore and above residential homes, which now represent over 50% of all sales by value across major metropolitan areas of India, indicates a fast-moving trend towards premium, low-density projects with unique features, cutting-edge design, and asset appreciation over time. Due to the concentration of high-value purchases of luxury homes in Mumbai, combined with ongoing demand from domestic HNIs and family offices, increasing public policy support, accelerated execution of infrastructure projects, and the development of incentives for sustainable methods of construction will generate further interest in high-value, durable luxury residential properties.”
Mr Aakash Patel, Managing Director, Atul Projects
“Mumbai Housing continues to grow under Redevelopment, as approximately 30% of Mumbai’s new annual residential supply comes from Redevelopment. The introduction of progressive reforms such as RERA has increased the transparency of Real Estate in India and increased the confidence of buyers, resulting in a much more developed and resilient Real Estate Ecosystem. Ongoing investment into Metro and Road Infrastructure, along with their resulting connectivity, enhanced liveability, and healthy appreciation into many micro-markets in Mumbai, supports the overall continued growth of Mumbai’s property market. Over the last several years, Mumbai has consistently recorded property registrations of over 1.2 lakhs every year; thereby, any further step in rationalising Stamp Duty and Registration Surcharges will create greater demand and increase affordability. The ongoing Incentive Program for Women Homebuyers in Mumbai has also proven successful in increasing footfall from end users. The Union Budget must be growth-oriented and focused on Urban Renewal, Infrastructure Development, and Regulatory Stability, which will lead to more efficient and future-ready Redevelopment throughout Mumbai.”
Mr Anuj Mehta, Director, Dhuleva Group,
“In mature, land-scarce urban markets, granting industry status to real estate would be a significant enabler. It would improve access to structured, long-term financing for redevelopment-led projects, which are inherently capital-intensive and require higher compliance and execution certainty. Lower borrowing costs and clearer institutional frameworks would attract greater participation from banks and institutional investors. As risk perception reduces, more capital is likely to flow into the sector, supporting timely execution, improved construction quality and sustainable urban renewal in established city micro-markets.”
Mr Hemant Bhavsar, Group CFO, Unitile
“India’s sustained growth in commercial real estate underlines the urgent need for policy support in the creation of future-ready workplace infrastructure. Office leasing activity in 2025 crossed over 120 million sq. ft., driven largely by GCCs, BFSI, and technology firms that continue to invest in long-term office infrastructure even as they transition to hybrid working models focused on collaboration, flexibility, and workplace quality.
Interior works today account for nearly 30–40% of total commercial project costs. Continued GST rationalisation and tax deduction benefits will therefore be critical in enabling enterprises to invest in high-performance, compliant workplaces. We are also seeing a clear shift toward energy-efficient and green-certified offices, aligned with corporate ESG goals and India’s broader sustainability agenda.
From a sectoral standpoint, the Union Budget presents an opportunity to accord infrastructure status to specialised components such as Raised Access Flooring for data centres and advanced ceiling systems. Such a move would unlock long-term financing at lower costs and significantly support large-scale, capital-intensive projects in mission-critical environments.
Looking ahead, modular construction using steel and aluminium will play a key role in improving project delivery timelines by 15–20% while enhancing lifecycle efficiency. With India’s commitment to achieving Net Zero emissions, the 2026 Budget is expected to further accelerate the adoption of sustainable, modular, and recyclable materials. Increased focus on acoustics, wellness, and productivity will define workplace design in 2026 as organisations prioritise performance-led, compliant, and future-ready infrastructure.”
Kunal Bajaj, CEO & Co-Founder, CloudExtel
“India’s digital economy is no longer limited by ambition, it is limited by infrastructure readiness. As we approach the Union Budget 2026, the real opportunity lies in enabling shared, secure, and scalable digital infrastructure that enterprises can adopt faster and at lower cost. At CloudExtel, we see cloud-first policies, infrastructure sharing, and support for next-generation connectivity as critical enablers that will decide how quickly Indian enterprises can compete globally. The next phase of growth will belong to economies that build digital infrastructure as a utility, not a luxury.”
Ramarathinam Sellaratnam (Ram), Group CEO & Managing Director, iBUS Networks
“As India approaches the Union Budget 2026, sustained investment and policy support for digital infrastructure will be critical to meeting the growing connectivity needs of enterprises, startups, and smart urban developments. At iBUS Networks, we are steadily moving towards enabling intelligent digital infrastructure where connectivity within buildings and campuses is not just shared and neutral, but also adaptive, data-driven, and future-ready. As markets evolve and digital consumption accelerate, it is essential for infrastructure providers to continuously innovate and evolve to stay ahead of enterprise requirements driven by cloud, AI, and data-intensive applications. Policy measures that simplify infrastructure approvals, encourage active and passive infrastructure sharing, and support 5G and next-generation networks can significantly improve deployment speed and cost efficiency, particularly in large commercial and mixed-use developments. A continued focus on resilient and intelligent shared digital infrastructure will be key to enhancing ease of doing business, improving user experience, and strengthening India’s position as a globally competitive digital economy.”
Salil Ahuja, Chief Strategy Officer, Shaurrya Teleservices
“As India prepares for the Union Budget 2026, strengthening digital infrastructure will be critical to supporting the next phase of startup- and enterprise-led growth. At Shaurrya Teleservices, we are actively building neutral, carrier-agnostic digital infrastructure across offices, campuses, and emerging business hubs, enabling enterprises and startups to access enterprise-grade connectivity without heavy upfront investment. As businesses become increasingly cloud-first and data-intensive, policy measures that accelerate infrastructure approvals, promote sharing models, and support 5G-ready networks can significantly reduce the cost and complexity of scaling, especially across Tier 2 and Tier 3 markets. Continued focus on resilient, shared digital infrastructure will be essential for driving productivity, employment generation, and India’s long-term global competitiveness.”
Mr. Ankur Jalan, CEO, Golden Growth Fund (GGF), a category II Real Estate focused Alternative Investment Fund (AIF):
“As we look ahead to the Union Budget 2026, our expectations reflect both the challenges and opportunities in India’s real estate sector, particularly in established urban markets like Delhi, Mumbai, Bengaluru etc. We hope the Budget will prioritise measures that strengthen demand-side support, including extension of tax incentives for homebuyer, continued focus on infrastructure investment – especially in urban transport, last-mile connectivity and sustainable utilities that will be vital in boosting the attractiveness and long-term value.
We also seek policies that encourage institutional capital flows into real estate, such as enhanced incentives for Alternative Investment Funds in order to make it more attractive to investors. Such a move will streamline investments, make it institutionalised and regulated. A balanced, growth-oriented Budget will not only support project execution but also drive confidence among homebuyers and investors alike and boost the Indian economy.”
Mr. Lalit Parihar, Managing Director, Aaiji Group, a Dholera-based real estate firm
“We expect the Union Budget 2026 to further strengthen infrastructure-led urban development. Continued investment in roads, logistics, airport, bullet train, industrial corridors, and smart city infrastructure will be critical in unlocking the full potential of regions like Dholera as future economic hubs. We also hope for renewed policy focus on Special Economic Zones (SEZs), including greater flexibility and fiscal incentives for developers, to accelerate industrial and mixed-use developments in these regions.
We look forward to measures that support housing affordability, such as rationalisation of GST, extension of tax incentives for homebuyers, and easier access to institutional finance for developers. Incentives for sustainable and green construction, along with faster approvals and reduced compliance burdens, would further improve project viability.
Overall, a balanced Budget combining fiscal discipline with long-term urban planning will help sustain real estate growth, boost investor confidence, and accelerate development across strategically important regions of Gujarat.”
Mr. Parvinder Singh, CEO, Trident Realty.
In the 2026 budget, we hope to see continued policy support for the premium housing segment across India. This becomes especially important for Tier 2 cities, where a lifestyle transformation is underway. Active home buyers are demanding larger living spaces, upscale amenities, and gated community environments that match metro standards. If the government provides incentive-linked funding and greater investment in urban infrastructure, it will further strengthen these emerging markets and enhance buyer confidence. In Tier 2 cities, luxury housing is not only about premium living; it also helps create jobs, attract talent, and build future-ready urban ecosystems.
Mr. Anil Godara, Founder and Managing Director, J Estates
We believe the 2026 Union Budget will provide a perfect opportunity to acknowledge senior living and retirement homes as a crucial part of India’s real estate. With the elderly population of the country poised to grow 300 percent by 2030, there is an increasing need for well-designed, secure, and supportive communities for seniors. Incentives for developers, GST rationalisation, and clear policy guidelines can help formalise and expand this category. We also hope to see benefits for senior home buyers to ease investment decisions. Senior living is not only about housing, but it’s also about dignity, autonomy, and quality of life in later years.
Mr. Aman Sharma, Founder and Managing Director, Aarize Group
“The NCR area remains the backbone of North India’s real estate sector, majorly contributing to residential and commercial development. From the 2026 budget, we are expecting policy interventions to fix infrastructure bottlenecks, streamline approval processes, and expedite environmental clearances. Measures such as stamp duty reductions, easier access to home loans, and incentives for first-time buyers can reassure end-users and increase demand. Focus on infrastructure, connectivity and livability, and further allocations will further aid buyer confidence and support long-term growth. We anticipate the government will recognise NCR’s potential and provide support for sustainable growth.
Mr. Ashish Agarwal, Director, AU Real Estate
We look forward to a continued policy stability and growth-focused incentives for the NCR luxury housing market in pre-budget expectations for 2026. Increasing incomes, wider global exposure, and a desire for safe, amenity-rich communities are the demand-driving factors for premium homes in the NCR. Buyer sentiment will be further enhanced by supportive tax policies, streamlined stamp duties, and infrastructure development across important areas. Additionally, quicker environmental and development clearances will enable developers to deliver projects more efficiently. The NCR remains one of the most influential real estate markets in the country, and a progressive budget can play a significant role in sustaining this momentum.
Mr. Manan Shah, Managing Director, MICL Group
“2025 has been a defining year for Mumbai real estate, led by sustained demand in premium and high rise housing. The city recorded close to 20 to 25 percent year on year growth in mid to luxury launches and over 40 percent of overall sales in key MMR locations now come from premium ticket sizes. This reflects a clear behavioural shift toward vertical living that offers better security, amenities, sustainability features and proximity to emerging infrastructure.
The outlook for 2026 remains positive and growth led. With multiple metro lines becoming operational, the coastal road unlocking new corridors and redevelopment driving inner city renewal, Mumbai is positioned to see continued expansion in luxury and lifestyle housing. Industry absorption trends indicate that demand remains largely end user driven with increasing interest in larger formats, branded developments and gated communities.
From the upcoming Union Budget, we expect a focused stimulus that supports transformations like rationalising GST on under construction homes, extending tax benefits for residential buyers, and simplifying approval frameworks will keep the market efficient accessible and affordable. A policy nudge to accelerate redevelopment, and improve credit availability for developers and homebuyers can play a decisive role in strengthening housing market in land constrained city like Mumbai.
A forward looking budget that addresses these priorities will not just support the sector but will shape the next phase of urban growth for India’s financial capital.”
Mr. Umesh Uttamchandani, Managing Director, DevX
“As we look toward 2026, Indian real estate is expanding beyond its traditional metro-centric narrative. While top cities face a Grade A seller’s market, a parallel growth engine is igniting in Tier-II hubs like Ahmedabad, Jaipur, Kochi, and Coimbatore, driven by GCC decentralization and retail penetration. These emerging corridors are now critical to solving the nationwide inventory crunch.
The sector’s expectations for 2026 is to prioritize on comprehensive land digitalization and progressive asset tokenization frameworks. As they’re essential catalysts for unlocking institutional capital at scale. y unlocking this liquidity, India can synchronize its development cycle with global standards, ensuring that even new inventory in emerging markets meets the ‘quality bar’ of ECSBC 2024 and ESG compliance. The coming year will reward developers who can deliver ‘metro-grade’ compliance and experience in emerging cities, while non-compliant assets risk obsolescence regardless of location.”
Mr. Navin Makhija, Managing Director, The Wadhwa Group
“As we approach the Union Budget 2026, the sector is entering a phase of Measured Moderation, where stability and sustained demand will depend on supportive policies and easier access to finance. Real estate remains a critical economic multiplier, driving employment, enabling allied industries, and supporting India’s urbanisation story. Building on the direction outlined in the previous Budget—particularly the emphasis on infrastructure-led development—we hope to see stronger measures that directly improve housing affordability for end-users. This includes meaningful enhancements in homebuyer-linked tax benefits, along with a long-overdue revision of the ‘affordable housing’ definition, as current thresholds no longer reflect today’s land and construction costs in urban markets. GST rationalisation on construction inputs and works contracts will also be vital to ease cost pressures and support timely project delivery. Furthermore, for micro-markets across MMR like Thane and the BKC-Kurla growth corridor, continued infrastructure spending can meaningfully improve connectivity, accelerate liveability, and unlock sustainable demand. Ultimately, with greater interest-rate clarity shaping market sentiment and influencing supply decisions, a Budget anchored in policy continuity, simplified compliance, and long-term financing support will go a long way in ensuring predictable and resilient growth for the sector.”
Mr. Manish Agarwal, Managing Director, Satya Group, President, CREDAI Haryana
“Luxury homebuyers are entering 2026 with significantly evolved expectations, seeking not just premium residences but curated, investment-grade living experiences. As the Budget approaches, we urge the government to consider measures that will enhance capital availability, streamline the regulatory environment for high-value transactions, and actively encourage the structure of fractional investments in marquee assets. These strategic steps are vital to democratize access to luxury homeownership, fuel demand for ultra-premium developments, and solidify India’s position as one of the world’s fastest-growing luxury real estate ecosystems”.
Mr. Rajan Luthra, CFO, ACE-Action Construction Equipment Ltd.
“This Union Budget is at a critical juncture for India to set the stage for sustainable economic growth, amid global trade headwinds and an uncertain external environment. With public capital expenditure continuing to anchor economic momentum with ₹11.21 lakh crore earmarked for FY2025–26, India’s infrastructure push remains a critical driver of GDP growth and employment. For the construction equipment industry, we expect demand recovery to be led by rising private capex, expanding export opportunities, defence applications, and sustained investments in airports, railways and freight corridors. Supportive policy measures, including GST rationalisation, easing interest rates and improved liquidity, will be further vital to crowd in private investment and strengthen industry confidence.
As project execution accelerates, visibility across equipment categories will improve, alongside deeper adoption of digital technologies such as telematics and predictive analytics. By prioritizing these strategic initiatives, the government can pave a thriving and inclusive future, contributing to India’s role in the global economy.”
Mr. Mohit Jandu, MD, J Infratech
“As the Union Budget 2026 approaches, infrastructure—especially roads and highways—continues to anchor India’s growth agenda. Road and highway development remains critical to strengthening mobility, freight movement and regional integration, while also supporting logistics efficiency and long-term climate goals.
Amid global economic uncertainties, we expect continued prioritisation of roads and highways within government capital expenditure, along with enhanced financial support to states and a refreshed National Infrastructure Pipeline. There will be growing focus on end-to-end digital transformation of the national highway network, from planning and Detailed Project Reports to construction, maintenance and tolling, leveraging digital mapping and validation tools to improve project coordination, speed up approvals and minimise ecological impact.”
Kirthi Chilukuri, Founder & Managing Director, Stonecraft Group
“As India prepares for the Union Budget 2026–27, the real estate sector looks forward to policy measures that strengthen urban resilience, sustainability, and long-term capital efficiency. Continued focus on infrastructure-led urban development, faster project clearances, and easier access to institutional financing will be crucial for responsible developers. Incentivising green and biophilic developments, renewable energy integration, and resource-efficient construction can accelerate the transition towards future-ready cities. Additionally, targeted demand-side support for homebuyers and regulatory clarity on taxation will help maintain market momentum while ensuring balanced growth across residential and mixed-use developments.”
Anil Mittal, Chief Financial Officer, Smartworld Developers
“The real estate sector eagerly anticipates policies that bolster long-term capital formation and reinforce housing’s pivotal role in economic growth. For developers like us in the luxury and branded residential segments, consistent taxation, expanded institutional financing, and streamlined regulations are vital to sustaining investor confidence and end-user demand. Continued investment in urban infrastructure, mass mobility, and integrated city planning is essential, as superior connectivity and robust civic amenities greatly enhance the appeal of premium developments. Measures that promote formalization, reduce compliance burdens, and maintain market balance will further drive the sector’s maturity. A well-calibrated, growth-focused Budget can empower real estate to contribute more significantly to employment, capital inflows, and India’s urban future”.
Mr Ravi Saund, Founding Director of Emperium Group
“Budget 2026 is an opportunity to push the decongestion of major metros by incentivising investment in emerging urban corridors,” he said. “Measures such as rationalising GST or reintroducing input tax credit for under-construction homes would help early investors and support momentum in regions like Panipat and Gurugram.
There is also room to better align fiscal benefits with current realities. Enhancing the home loan interest deduction limit from ₹2 lakh to ₹5 lakh would ease pressure on salaried households and help more families move from renting to owning, which remains central to the Housing for All objective.”
Mr. Divyam Shah, Whole-Time Director and Chief Financial Officer of Euro Panel Products Limited
“The upcoming budget is an opportunity to align industrial growth with environmental responsibility. We expect a clear roadmap that supports domestic manufacturers, especially MSMEs, in shifting their production towards renewable energy. On the operational front, easing norms for domestic players and removing hurdles in GST input credits will be vital to free up working capital. By increasing depreciation benefits and simplifying tax structures, the government can provide the robust support system Indian manufacturers need to scale up and compete in international markets.”
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