Mr. Darshan Govindaraju, Executive Director at Vaishnavi Group

The upcoming Budget is a key opportunity to deepen buyer confidence and strengthen the housing ecosystem. A sustained push on urban infrastructure, access to long-term capital, and ease-of-doing-business reforms will be critical for stable, long-term growth in real estate. Policy measures that support homebuyers and improve sector liquidity can meaningfully accelerate India’s urban development agenda.

Mr. Madhusudan G, CMD at Sumadhura Group

As we look ahead to Budget 2026, the real estate sector is seeking not blanket measures, but thoughtful, targeted policies that reflect a maturing and increasingly segmented market. Moreover, it is important to revisit the ₹45 lakh affordable housing cap on a city-specific basis so that incentives reach genuine first-time buyers. Long-pending structural reforms such as a time-bound single-window clearance system to streamline project approvals and the formal recognition of real estate as an industry are also crucial.

Ramji Subramaniam, Managing Director, Sowparnika Projects

One of the key interventions that we urge the government to consider is extending the 1% GST benefit for affordable housing to homes priced up to INR 65-75 lakh, from the current INR 45 lakh threshold. With land prices in cities rising by 50-75% in recent years and construction costs escalating due to higher raw material prices and a persistent shortage of skilled labour, such a move would reflect current market realities. It would offer relief to first-time homebuyers while allowing developers to focus on making housing accessible for all.