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.”
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Shrinivas Rao, FRICS, CEO, Vestian said,
“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.
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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.”
