Pre – Budget Quote 2026-27

Mr. Aditya N. Shah, Joint Managing Director of Mayfair Housing

“The Union Budget 2026–27 brings the opportunity to address structural gaps across both affordable and luxury housing segments. Removing the cap and making it based on area, along with extending tax incentives for developers can significantly improve supply viability for affordable homes. On the demand side, providing wider tax relief on home loan interest and a rationalisation of stamp duty would improve buyer sentiment. Reforming measures in GST with input tax credit for real estate, could help improve cost efficiency and transparency. When combined with calibrated income tax relief, we expect this to hold benefits for both mass housing and high-end developments, reinforce developer confidence, and support premium housing aspirations.

Mr. Chintan Sheth, Chairman & Managing Director – Sheth Realty

“The luxury real estate segment hopes that the upcoming Union Budget 2026 will have a strategy to tackle high interest rates and static tax thresholds. We would be looking at enhanced home loan deductions up to Rs 5 crore and stamp duty cuts to 3-4%. Streamlined approvals and capital gains relief can deepen market participation, sustaining premium demand amid structural price rises and unlocking investments in urban luxury housing projects. With the right impetus through policy support in rationalised taxation, simplified stamp duty structures, and continued infrastructure expansion, the Budget can help set course for premium housing towards the long-term.”

Mr. Vishal Ratanghayra, Founder & CEO of Platinum Corp

“Granting industry status to the real estate sector as a whole will enable developers to access institutional finance at lower interest rates. This will facilitate stable long-term funding structures, which will result in cost optimisations, the benefits of which can be passed on to end-users.
Rationalisation of GST from Real Estate as currently it is applicable at various levels including Premium & FSI costs, Constructions costs and Sale transactions. This has made construction and purchase of real estate exorbitantly expensive. Progressive rationalisation to taxation in real estate can give a big boost to our PM’s vision of Housing for All which will in turn propel our GDP beyond USD 5Trillion”

Mr. Vivek Mohanani, CEO and Managing Director Ekta World

“The Union Budget 2026-27 holds potential to deliver momentum to luxury housing and encourage senior living projects. Budgetary provisions can help in addressing high costs and demographic shifts. The luxury housing space hopes to benefit from rationalisation of stamp duty and higher home loan deductions. These are essential for the sectors sustained growth.  Senior living is an emerging segment with significant long-term potential. Dedicated tax incentives and targeted funding for age-friendly infrastructure can meaningfully accelerate its growth. Such support would help initiatives like Ekta Aabhaar—our gesture of gratitude—deliver thoughtfully designed, senior-centric features. These include enhanced safety systems, round-the-clock security, and calm, wellness-oriented environments within ultra-luxury residential developments. Budgetary allocations can help scale such first-of-its-kind projects, blending care, dignity, and Indian values to redefine luxury homes that truly nurture.”

Mr. Ruchit Mehta, Partner, Mehta Realty

“A sustained focus on supporting affordability can give great impetus to the real estate growth cycle, which has been on the uptick in 2025. While the affordable housing segment has been the recipient of past reforms, changing the existing parameters of what constitutes affordable housing in keeping with the realities of premium, high growth markets such as Mumbai, will encourage many more first-time homeowners. From a developer’s perspective, lower GST on construction contracts, especially for affordable and mid-income homes, as well as incentives for developers undertaking sustainable and affordable projects will drive momentum in these segments.”

Mr.  Bhavesh Shah, Joint Managing Director, Today Group

“As we approach the Budget, the real estate sector remains optimistic, with steady momentum across both luxury and affordable housing. While the luxury segment continues to show resilience, improving affordability can further strengthen demand among first-time buyers. Targeted policy support through higher home loan interest deductions, rationalisation of GST on key inputs, and incentives for sustainable development can enhance buyer confidence. A forward-looking, housing-friendly Budget has the potential to improve accessibility, support responsible development, and reinforce real estate’s role as a long-term driver of economic growth.”

Mr. Prashant Khandelwal, Joint Secretary of CREDAI MCHI and CEO of Agami Realty

“The real estate sector has been riding a strong growth wave in 2025, whose momentum can be sustained and further amplified in the coming year through certain favourable policy measures – to further boost the growth of the affordable and middle-income segments, which have been the backbone of Mumbai’s real estate ecosystem, steps such as increased deduction limits for home loan interest and principal repayment, as well as expanding the definition and price caps for affordable housing to match current market realities will prove favourable. Support can also be extended to first-time buyers, who currently fall outside the parameters of affordable housing benefits, while GST rationalisation on under-construction homes and quicker approvals will make available new inventory, thus further driving growth.”

Mr. Hardik Pandit , Director of APICES Studio Pvt. Ltd.

“India’s flexible workspace sector is booming and is well on its way to becoming the largest in APAC. Currently valued at USD 5.99 billion, factors such as the rising popularity of hybrid work culture, the explosion of start-ups and massive Global Capability Centre (GCC) expansion will soon see this expand to the ~$9-10 billion mark by 2028, encompassing over 100 million sq. ft. Favourable government policies can greatly facilitate and optimise this growth. The upcoming Union Budget 2026 can set the wheel in motion by considering these spaces as a part of essential business infrastructure rather than hospitality and thus simplifying taxation and regulatory compliance. Faster approvals for new centres, especially in Tier 2 and Tier 3 cities, which will drive a significant proportion of this growth, are also important. Finally, tax benefits for green buildings, energy-efficient technologies and advanced digital infrastructure will facilitate the creation of smart workspaces, attracting international capital and businesses”