By:- Mr. Shishir Baijal, International Partner, Chairman and Managing Director, Knight Frank India.

Commenting on the recently announced Union Budget 2026, Shishir Baijal, International Partner, Chairman and Managing Director, Knight Frank India said, “We welcome the Honourable Finance Minister’s announcement today, so far as the thrust on infrastructure development is concerned. The FY27 Union Budget signals continuity in India’s macro-growth trajectory, with a consistent infrastructure push and fiscal discipline. The Budget maintains a stable macro environment for investors, keeping buyer sentiment measured and pragmatic. The focus on selective opportunities in tier-2 and tier-3 growth corridors, and connectivity in urban economic regions, provides a supportive backdrop for demand in residential and logistics markets over the medium term. However, disappointingly, the Budget does not introduce any real estate-specific fiscal incentives, especially to boost affordable housing in India, which has already been a cause of concern for the sector.”