Mr. Saurabh Dhanorkar, Managing Director, Finolex Industries
“The Union Budget’s strong emphasis on infrastructure development, particularly through the extension of the Jal Jeevan Mission until 2028, reflects a firm commitment to sustainable water management and rural development. The focus on enhancing the quality of infrastructure and improving operation and maintenance of rural piped water supply schemes through Jan Bhagidhari is a critical step toward ensuring long-term water security. The signing of separate MoUs with states and UTs to promote citizen-centric water service delivery further reinforces this commitment.
Additionally, initiatives like the Prime Minister Dhan Dhanya Krishi Yojana, aimed at improving irrigation facilities, will indirectly support the growth of water infrastructure across agricultural regions. Together, these measures create significant opportunities for the piping industry to contribute to the development of robust, sustainable solutions that will benefit both rural communities and the broader infrastructure ecosystem.”
MP Ahammed, Chairman, Malabar Group:
”The budget reflects the government’s continued focus on revitalizing consumption, strengthening domestic manufacturing, and fostering job creation. Therefore, the budget has rightly focussed on offering fiscal impulse to boost consumption. With personal income tax reform, it will free up disposable income to boost urban consumption. It will boost the spending power of the middle-income segment and enhance consumer sentiment—both critical drivers of economic growth. For the retail and jewellery sector, a rise in consumption directly translates into stronger demand, fuelling expansion and employment generation.”
Mr. Ankur Jalan, CEO, Golden Growth Fund (GGF), a category II Real Estate focussed Alternative Investment Fund (AIF)
As India aims to become $30 trillion economy by 2047, the country must embark upon a phase of rapid development in the next two decades.
To this end, the Union Budget by exempting income upto Rs 12 lakh, will boost consumption and enhance savings.
It will also increase investment across all asset classes, including AIFs and real estate, by having a multiplier effect on the economy by boosting incomes and encouraging further investment.
The induced savings will also help government create a larger fund for investment and other capital expenditure.
Mr. Garvit Tiwari, Director & Co-Founder, InfraMantra, Gurugram based property consulting firm.
The exemption of tax on income up to Rs 12 lakh is not just a welcome move at this juncture considering falling consumption and rising inflation but a revolutionary move for India’s tax paying and consuming class.
The overall impact of this move will be seen in increased consumption, including discretionary and more importantly by increasing demand for homes which off late has been on a declining trend owing to rising prices.
In the last few years, real estate demand has been positively impacted by massive infrastructure development across Indian cities. The greater emphasis in this Budget on urban rejuvenation and infrastructure development will further give a boost to expanding housing supply and sales.
Mr. Sachin Alug, CEO, NLB Services
“Union Budget 2025-26 highlights the government’s commitment to transform India’s employment landscape and drive economic resilience, with increased infrastructure spending, tax relief for the middle class, and a strong push for green energy and digital innovation.
Driven by strategic initiatives across MSMEs, tourism, manufacturing, agriculture, EV and aviation, the budget certainly marks a critical inflection point for employment in India. The government’s focus on these areas is expected to generate a 12-15% increase in job opportunities as we move towards Viksit Bharat.
Tourism is already projected to create 24 million new jobs by 2033, with an additional 15-20% boost anticipated, while manufacturing and EV jobs are set to double in the next 4-5 years. Furthermore, aviation hiring will transform with a projected uptick of 10-15% of jobs in the next two years, with the government’s extensive infra-boost and regional connectivity introduced today. The cohesive employment generation across industries, will augment the demand for advanced skill sets, thereby propelling India Inc.’s skilling agenda for the next decade. We are also happy to see the budget’s focus on GCC growth in Tier II and Tier III cities. GCCs are fast outpacing IT Services in job creation, and the national framework will be transformative to unlock the potential of this segment.
Additionally, introduction of the Atal Tinkering Labs is a significant advancement for education, aligning with the urgent need to build a future-ready workforce. Alongside a ₹500 crore allocation for AI Centres of Excellence and IIT infrastructure expansion, these initiatives aim to foster innovation and address the demand for engineering talent in robotics and AI. Additionally, improving broadband connectivity in secondary schools will help bridge the urban-rural divide, promoting equitable access to educational resources. While the budget emphasizes on technology and innovation, it overlooks the urgent need for robust support for vocational training and skill development programs, which would have helped leverage our workforce’s potential.
While the budget extends healthcare benefits for gig workers, a detailed social security framework and streamlined access to income stability would have also helped boost the ecosystem.
Last, but not the least, beyond business, tax exemption for salaried professionals in the early stages of their career, surely brings the budget close to the heart of the working cohorts.”
Mr Ajitesh Korupolu, Founder & CEO, ASBL.
‘From a personal finance perspective, the budget introduces a significant tax exemption for individuals owning two self-owned properties, easing the financial burden for those looking to expand their real estate holdings. Additionally, the tax relief aimed at the middle class is expected to reduce the overall tax burden, giving individuals more financial flexibility as they consider buying their first home. While these moves aren’t direct incentives for home loan interest, they still play a crucial role in making homeownership more accessible. Reforms in REITs are also anticipated to provide increased liquidity in the market, opening up new investment opportunities.
By focusing on infrastructure and easing the tax burden, the budget is laying the foundation for a more feasible path to homeownership, especially for those in the middle-income bracket looking to step into the real estate market.’
Mr. Vikas Garg, Joint Managing Director, Ganga Realty
We welcome the Union Budget 2025, which brings a significant boost to the real estate sector, particularly for homebuyers. The mega tax relief, exempting income up to ₹12 lakh from taxation, is a game-changer for middle-class families. This increased disposable income will empower first-time homebuyers, making homeownership more accessible and driving demand in the sector.
The government’s continued push for affordable housing, coupled with the ₹15,000 crore allocation under SWAMIH Fund 2, is a commendable step towards ensuring project completion and reviving stalled developments. These measures will not only enhance housing affordability but also instill confidence in homebuyers and developers alike.
At Ganga Realty, we believe these initiatives will accelerate growth in the sector, create new opportunities, and contribute to the vision of ‘Housing for All.’ We look forward to supporting this positive momentum and delivering quality homes to aspiring buyers.
Mr. Saransh Trehan, Managing Director, Trehan Group
We welcome the Union Budget 2025, especially the much-needed tax relief for the salaried class, exempting income up to ₹12 lakh. This move will significantly boost disposable income, making homeownership more achievable for first-time buyers. The government’s continued push for affordable housing is a step in the right direction, reinforcing confidence in the sector and encouraging broader homeownership.
However, key industry demands, such as industry status for the real estate sector and a streamlined single-window clearance system, remain unaddressed. These reforms are crucial to enhancing ease of doing business, expediting project approvals, and ensuring faster delivery of homes.
Despite this, the focus on first-time homebuyers and affordable housing is a positive development that will drive demand and support economic growth.
Mr. Mayuresh Raut, Managing Partner, Seafund
“The Government’s initial Fund of Funds proved to be a pivotal catalyst in establishing India’s domestic venture capital ecosystem. Through this strategic initiative, which began with a Rs 10,000 crore corpus, startups have attracted significant investment commitments surpassing Rs 91,000 crore. This demonstrates how the original Fund of Funds effectively leveraged government support to multiply private investment in the startup sector
This additional 10,000 crs, along with the 20,000 crs set aside for innovation and the Deeptech Fund of Fund will enable the Government to position the investment ecosystem for the next 5-7 years to bet on startups that address our key requirements on AI, Space, Semiconductors and Climate”
Mr. Vineet Nanda, Director Sales & Marketing, Krisumi Corporation
The Budget 2025-26 marks a pivotal moment for our economy—a decisive step towards revitalizing demand and strengthening the backbone of our nation, the middle class. The tax exemption on income up to Rs 12 lakh is a welcome relief that will not only stimulate spending but also bolster confidence across various sectors, with real estate poised to be a prime beneficiary.
The launch of SWAMIH Fund 2, with a dedicated corpus of Rs 15,000 crore to complete one lakh stalled housing projects, stands out as a landmark initiative. This measure will accelerate the completion of essential housing projects and restore buyer confidence, laying a strong foundation for a more robust residential market.
Furthermore, the provision allowing the ownership of two self-occupied properties without additional tax conditions is a forward-looking move that will encourage investment in second homes, enhancing the diversity and resilience of the housing sector.
The budget’s strong focus on urban development—evident in the establishment of a Rs 1 lakh crore fund for developing cities as Growth Hubs—signals a clear commitment to transforming our urban centers into engines of economic progress. This initiative is set to drive sustainable urban redevelopment, modernize infrastructure, and unlock new growth opportunities.
At Krisumi Corporation, we see the Budget 2025-26 as a powerful catalyst for change. It aligns with our vision of fostering a dynamic and resilient real estate market that supports sustainable growth. We are ready to embrace these transformative measures and contribute to building a more prosperous future for our nation.
Mr. Sahil Agarwal, CEO, Nimbus Group
The Union Budget 2025-26 presents a well-balanced approach, addressing critical sectors of the economy while ensuring sustainable growth. Infrastructure development remains a top priority, with the government introducing various schemes to strengthen both urban and rural infrastructure, enhance connectivity, and drive economic expansion.
A key highlight of the budget is the government’s continued commitment to reviving stalled real estate projects. The Special Window for Affordable and Mid-Income Housing (SWAMIH) scheme, which has already played a pivotal role in unlocking delayed housing projects, is set to receive a major boost. The government has proposed the creation of SWAMIH Fund 2, a blended finance facility with contributions from the government, banks, and private investors. With a ₹15,000 crore corpus, this initiative aims to accelerate the completion of an additional 1 lakh housing units, providing crucial relief to homebuyers and stimulating growth in the real estate sector.
Additionally, tax slab revisions leading to higher disposable income will likely boost housing demand, as increased savings will encourage more individuals to invest in homeownership. By prioritizing infrastructure growth, housing revival, and economic stimulus, the budget lays the groundwork for long-term financial stability and a stronger real estate market.
Mr. Raoul Kapoor, Co-CEO, Andromeda Sales and Distribution Pvt Ltd
We welcome the Union Budget 2025-26, which presents a strategic roadmap for accelerated economic growth while offering much-needed relief to the middle class. The Finance Minister has introduced progressive tax reforms that are set to increase disposable income, fostering both financial stability and consumer spending.
With the revised income tax slabs and reduced tax rates, a rough estimate suggests that taxpayers could save up to ₹10,000 per month, depending on their income bracket. This significant boost in savings will enable individuals to better manage existing loans and enhance their loan eligibility, making homeownership and other large investments more accessible.
The ripple effect of increased disposable income will be felt across the retail loan industry, as more individuals will have the financial confidence to take on new loans, whether for housing, automobiles, or personal financing needs. This policy move is expected to strengthen the banking and NBFC sector, further driving economic momentum.
Mr. Chirag Shah, Fundraising & Strategy at BlackSoil
The Rs 10,000 crore boost to the Fund of Funds Scheme (FFS) in the Union Budget 2025 is set to drive innovation across sectors like fintech, health tech, and clean energy, providing crucial support for early-stage startups that face difficulties securing private investments. By routing funds through SEBI-registered Alternative Investment Funds (AIFs), the government leverages the expertise of professional fund managers, minimising the risk of inefficient capital allocation and reaffirming its confidence in startups as engines of economic growth and job creation. The scheme’s long-term success will hinge on sectoral priorities, regulatory reforms, and infrastructure, shaping India’s position in the global startup arena.
Mr. Rohan Dani, Investment Professional, BlackSoil
The National Manufacturing Mission for clean tech manufacturing targets a 38% increase in domestic capacity for EV batteries, solar panels, and other critical components. This initiative will significantly reduce import dependence, bolster sustainable development, and position India for resilient, self-reliant, globally competitive progress.
Mr. Arun Misra, CEO – Hindustan Zinc Limited below –
The budget presented by the Finance Minister is designed to accelerate growth, deeply rooted in the journey of our nation’s holistic development. The increased outlay for infrastructure spending marks a new era in India’s infrastructure growth which will undoubtedly provide impetus to other sectors as well. Support for states through interest-free loans to the tune of Rs. 1.5 lakhs crores and the creation of an urban challenge fund of Rs. 1 lakh crore for infrastructure projects, presents an opportunity for the manufacturing sector to develop new technologies and invest in innovation. The modernization of airports, ports, and greenfield developments further galvanizes India’s infrastructure backbone, driving both employment for the youth and GDP growth.
The mining reforms introduced in the budget position India as a key player in the critical minerals sector. The sharing of best practices and institutionalizing a State Mining Index for minor minerals along with a policy for recovery of critical minerals from tailings will enable circularity and innovation within the industry. As the country transitions to a low-carbon economy, these minerals will play a pivotal role, with metals forming the foundation of this shift. The announcement of the National Manufacturing Mission and measures to support MSMEs with access to credit & export assistance will create a robust domestic production ecosystem that will be integrated into global supply chains. As India’s largest and the world’s second-largest integrated zinc-lead producer, we are optimistic about the transformative impact of these initiatives which will enhance the competitiveness of India’s critical minerals sector while supporting industries such as electric vehicle manufacturing and renewable energy storage.
+ There are no comments
Add yours