Realtors welcome infra push, but nothing for affordable housing
State home to maximum affordable housing projects, especially in Gurugram
The budget has generated a mixed response from the state's realty sector, with the majority hailing the government for infrastructure push, but complaining about no major boost to affordable housing. The state is home to maximum affordable housing projects, especially in Gurugram.
The absence of a definition reset or fiscal support for affordable housing is being seen as a significant oversight, despite its role as "economic infrastructure”.
Shekhar Patel, national president of CREDAI—realtors' apex body—expressed disappointment, saying that the budget did not provide any incentives to boost demand and supply of affordable housing. The outdated definition of affordable housing, coupled with other factors, could see the segment’s share decline further from 18% to nearly 12% of the total housing supply.
However, realtors in Gurugram, Faridabad and NCR have welcomed the infrastructure push, which, according to them, will benefit the sector with long-term stability. Dr Gautam Kanodia, founder, KREEVA and Kanodia Group, said, "The budget reinforces a clear understanding that real estate growth follows infrastructure, not the other way around. Continued public capital expenditure of Rs 12.2 lakh crore, coupled with new high-speed rail corridors, will deepen connectivity between metropolises and emerging cities, expanding real estate opportunity beyond traditional urban cores.”
Agreeing Rakesh Kaul, CEO and MD, Ralith Realty, said, “The establishment of the Infrastructure Risk Guarantee Fund is timely and will significantly enhance confidence in private infrastructure investment. By reducing risk perception among financiers and investors, this move can unlock greater capital flows into the sector and accelerate project implementation. It paves the way for faster execution and stronger private participation in urban infrastructure.”
According to experts, investments in highways, metros, logistics corridors, railways, and urban infrastructure in cities like Gurugram and Faridabad will improve connectivity, unlock new growth corridors, and support long-term urban development.
"The budget is a master plan in shifting India’s real estate sector from asset creation to asset efficiency. With the integration of seven high-speed rail corridors, like Delhi-Varanasi, the government isn’t just moving people, but expanding the boundaries of metropolitans like Delhi-NCR. The introduction of the Infrastructure Risk Guarantee Fund and dedicated CPSE REITs provides institutional liquidity to the sector,” said Jitendra Yadav, director of Roots Developers.
Manik Malik, CEO, BPTP, said the budget reflected policy continuity through its sustained focus on infrastructure development and planned urbanisation, which form the structural foundation for long-term growth in the real estate sector. The emphasis on urban mobility, integrated housing initiatives, and infrastructure-led expansion across Tier-1 and Tier-2 cities is expected to support orderly urban growth and strengthen regional market fundamentals over time.”
