From a real estate standpoint, Budget 2026 is neutral at best. Homebuyers were expecting meaningful relief, but the government has chosen to maintain status quo by rolling forward the same tax and policy norms from the previous budget. With residential sales already strong and personal finance remaining largely unchanged, the assumption appears to be that the sector no longer needs support. Any near-term boost will now depend purely on market sentiment, equity performance, and buyer confidence rather than policy intervention

Ruchit Mehta, Partner, Mehta Realty

01 Feb 2026

Budget 2026 reflects a sense of stability and confidence in India's real estate market. The absence of disruptive policy changes provides continuity and clarity for both buyers and developers. While there were no direct affordability incentives, the sustained focus on infrastructure spending is a strong positive, as connectivity and urban development continue to shape housing demand. Going ahead, buyer confidence, interest-rate trends, and overall economic stability will play a larger role in driving the market. Developers who focus on timely delivery, quality, and trust will be well-positioned to benefit, particularly in infrastructure-led locations such as Navi Mumbai and Panvel.

Bhavesh Shah, Joint Managing Director, Today Group

01 Feb 2026

While Budget 2026 didn't deliver specific incentives for conventional real estate or homebuyers, it introduced a strategic long-term tax holiday for foreign cloud firms using Indian data centres a policy designed to draw global digital infrastructure investments till 2047. From an architectural and urban planning standpoint, this represents a meaningful shift: designing resilient, energy-efficient, high-availability facilities will become a defining element of the built environment in cities like Mumbai. This isn't just about floors and roofs it's about positioning Mumbai as a digital infrastructure hub with world-class data centre architecture that supports power, cooling and connectivity at scale

Hardik Pandit, Director of APICES Studio Pvt. Ltd.

01 Feb 2026

Looking at the Budget through the lens of redevelopment and urban housing, the real test isn't in one-off announcements, it's in how policy, infrastructure spend and clarity of execution create confidence over time. Real estate players have been asking for measures around housing affordability, rental assets and streamlined approvals, and the government's emphasis on macro stability and capital outlay gives a structural backdrop for that dialogue. But for cities like Mumbai, where redevelopment projects are multi-year undertakings, long-term policy stability, sustained connectivity investment, and administrative clarity are the signals that truly move the needle.

Sanjay Daga CEO and Managing Anex Advisory

01 Feb 2026

There is nothing materially new in Budget 2026 for real estate or homebuyers, as existing tax structures and policy frameworks remain unchanged. However, the sector is entering this phase from a position of strength. If capital markets stay buoyant and consumer sentiment improves, housing demand could continue on its current trajectory making this a budget that relies on market confidence rather than fiscal stimulus to drive real estate growth.

Aditya N. Shah, Joint Managing Director, Mayfair Housing

01 Feb 2026

Budget 2026 offers little for the real estate sector to celebrate. There are no fresh incentives for homebuyers, no enhancements in deductions, and no policy recalibration only a continuation of last year's framework. While personal finance remains stable and housing demand has already shown resilience, the absence of targeted real estate measures is a clear miss. The government seems to be betting on market momentum, sentiment driven by equity performance, and organic demand rather than policy-led stimulus.

Parthh K Mehta, CMD, Paradigm Realty

01 Feb 2026

Finance Minister Nirmala Sitharaman has presented Indians with a Budget that proposes strengthening of India's urban transformation backbone through sustained investment in building quality infrastructure. The clear focus on connectivity, quality, and long-term growth is seen with the increase in public capex to Rs 12.2 lakh crore. With the proposed expansion of high-speed rail and urban infrastructure, this will significantly elevate the appeal of various micro-markets. The introduction of the Infrastructure Risk Guarantee Fund is a progressive move that enhances confidence across the development cycle, enabling timely execution of high-quality projects. Equally important is the push for domestic manufacturing of advanced infrastructure equipment from elevators to safety systems which will raise construction standards. It will improve reliability, bring down costs and align Indian real estate with global benchmarks. These measures collectively support developers like Sheth Realty in pushing boundaries, redefining premium living, and delivering lifestyle experiences that are truly world-class

Chintan Sheth Chairman and Managing Director, Sheth Realty

01 Feb 2026

Budget 2026-27 has signalled optimism for the real estate sector through two strategic interventions the proposed Infrastructure Risk Guarantee Fund will improve access to capital and speed up the completion of large infrastructure projects, consequently positively impacting the growth of the real estate by improving connectivity. Further, the move to recycle of significant real estate assets that are presently held by Central Public Sector Enterprises (CPSEs) through the creation of REITs will improve productive use of existing land resources, which is a boon for land-starved cities such as Mumbai. The real estate sector could also benefit from the proposed scheme to enhance construction and infrastructure equipment, which will strengthen domestic manufacturing of high-value and technologically advanced equipment the resultant financial and efficiency gains can be passed on to customers, resulting in higher value and better quality projects. The budget makes mention of an infrastructure push, which is a key driver for the real estate sector. At the same time, we urge policy-makers to take into consideration the affordable housing sector and the domino effect it can have on employment, consumption, and social stability. Favourable policy measures can encourage developers to turn their attention to this segment, and help ensure inclusive and sustainable urban growth

Prashant Khandelwal, Joint Secretary of CREDAI MCHI and CEO of Agami Realty

01 Feb 2026

As we approach the Union Budget 2026, the real estate sector remains optimistic, with expectations focused on sustained policy support to improve housing affordability, ease liquidity constraints, and maintain long-term growth momentum. Continued government interventions through fiscal incentives, financing support, and demand-stimulating measures will be critical in strengthening end-user confidence and ensuring the sector's steady contribution to the broader economic recovery.
The real estate sector currently contributes around 7 per cent to India's GDP and supports over 200 allied industries. Granting industry status would improve access to institutional funding, reduce borrowing costs, and enhance transparency, enabling the sector to play a stronger role in job creation and economic growth. According to industry reports, real estate has the potential to contribute up to 15 per cent to India's GDP by 2047, making it a key driver in achieving the vision of a Viksit Bharat by 2047. The extension and reintroduction of the Credit Linked Subsidy Scheme (CLSS) could provide meaningful relief to aspiring homebuyers, especially first-time buyers, while stimulating demand across various housing segments. Such measures would further strengthen buyer confidence and reinforce the sector's role as a key contributor to economic growth.

Mr. Pradeep Aggarwal, Founder & Chairman, Signature Global (India) Ltd

29 Jan 2026

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. Ajitesh Korupolu, Founder & CEO, ASBL

26 Jan 2026