By Mr. Manish Mehan, CEO and Managing Director, TK Elevator India, has shared his perspective on industry expectations. Please find his quote below for your consideration:

“As we look forward to the Union Budget 2026-27, there is a clear opportunity to strengthen India’s real estate and infrastructure ecosystem. India’s real estate industry is seeking greater policy clarity, affordability-led reforms, and sustained investment in infrastructure to enable growth across residential, commercial, and emerging asset classes. The industry is also looking towards rationalisation of taxes, sector-specific recognition, and an enhancement of home loan interest deduction limits to further stimulate demand and investment.

From the elevator industry’s perspective, we welcome the Union Budget 2026-27 with optimism, expecting it to reinforce India’s growth momentum and accelerate infrastructure development. Policies that advance sustainable urbanisation, smart cities, and next-generation mobility solutions will be critical enablers for our sector. We look forward to a Budget that continues to encourage investments in safe, efficient, and future-ready infrastructure, in line with India’s vision of inclusive and sustainable growth.”