Mr. Amit Jain Chairman and Managing director of Arkade Developers Limited.
“Union Budget 2026 maintains an emphasis on capital expenditure and infrastructure investment as key levers for urban development further reinforcing a policy direction that markets have increasingly priced in. With infrastructure capital outlay budgeted at approximately ₹12 lakh crore in FY26 (~9% increase YoY), continued spending on mass transit, road networks and city infrastructure is likely to have a bearing on mobility, operating efficiencies and long-term liveability in major metros, where housing demand remains relatively stable. For the real estate sector, an infrastructure led approach may help improve project feasibility and provide greater demand visibility, though execution and timelines will remain critical. In mature markets such as Mumbai, sustained value creation will depend less on incremental policy signals and more on the pace of connectivity upgrades, redevelopment execution and effective urban planning. The Infrastructure Risk Guarantee Fund could play an important role in supporting housing, especially large urban, affordable and infrastructure-linked residential projects. By partially de-risking lending, it can improve access to finance, lower borrowing costs and help accelerate stalled but viable housing developments. While infrastructure remains the anchor, the budget is relatively light on direct, sector specific interventions for real estate, leaving outcomes largely dependent on broader macro execution and regulatory efficiency.”