As we approach the Union Budget 2026, the real estate sector believes it is time to realign housing policies with current market realities. The existing ₹45 lakh price cap for affordable housing has become outdated in high-growth cities like Pune, where land and construction costs have risen sharply.

Budget 2026 should focus on demand + affordability. Increase the home loan interest deduction limits, which has not changed significantly despite sharp inflation in home prices and construction costs. This will directly unlock end-user demand.

As a developer who works closely with homebuyers and project ecosystems on the ground, I feel the real estate sector today is not looking for stimulus - it is looking for clarity, stability, and execution efficiency.

As the Budget approaches, real estate developers are closely watching how policy responds to the changing economics of urban housing. Construction costs, compliance requirements and capital costs have risen structurally over the past few years.

Budgets play a critical role in shaping how cities evolve. For developers who work closely with redevelopment communities, clarity around approval processes, sustainability-linked incentives, and disciplined financial frameworks can go a long way in easing the transition from ageing housing to safer, more livable urban homes.