Angad Bedi, Chairman & MD, BCD Group, Shares Real Estate Insights

“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.”