By Mr. Rajiv Gupta, Managing Director, Wave Group.   

The Union Budget presents a strong opportunity to accelerate growth in the real estate sector, which remains a vital pillar of India’s economic development. From an industry standpoint, we are confident that the government will continue to strengthen policy support through enhanced tax benefits and rationalised stamp duties where possible. This will enhance affordability and sustain buyer sentiment. Increased budgetary allocations towards infrastructure, urban mobility and smart city development are expected to act as key growth drivers and stimulate end-user demand across markets. Policy measures aimed at improving access to long-term institutional financing and enabling faster regulatory approvals will significantly enhance project execution and delivery efficiencies. A decisive pro-growth budget can provide a meaningful confidence boost to further reinforce real estate’s contribution to employment generation, investment inflows and India’s long-term urban development objectives.