IGI Logo

Below the on Union Budget 2026- Expectation Quote on Real Estate Sector by 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."

Above views are of the author and not of the website kindly read disclaimer