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According to Mr. N. Jaideep Reddy, President, CREDAI Hyderabad, said: ” The budget provides a focus on urban development and boosting future technologies like AI, bio Pharma research with special benefits for IT and software services and tax holidays for Data Centre which are growth drivers for Hyderabad. This would further drive the growth of the city. However the specific levers for triggering demand for housing , particularly affordable housing did not get adequate attention. We look forward to some subsequent announcements on tax incentives and stimulus for affordable housing.

According to Mr. B. Jagannath Rao, President-Elect, CREDAI Hyderabad, said: “The Union Budget 2026-27 is a blueprint for a ‘Viksit Bharat’ with a clear emphasis on urban infrastructure and manufacturing. The incentives for municipal bonds and the focus on high-tech construction equipment will modernise the way we build. However, for the ‘Housing for All’ mission to reach its full potential, we look forward to more direct interventions in the form of tax rationalization for home buyers and developers in the coming months.”

Mr. Kranti Kiran Reddy, General Secretary, CREDAI Hyderabad, added: The budget has a long term vision for growth and aligns well for sustainable development but lacks specific drivers to directly impact the real estate sector. Moreover, while the budget focuses on “Tax Certainty,” the documents do not explicitly outline a reduction in Long-Term Capital Gains (LTCG) tax for immovable property, which remains a key demand to stimulate secondary market transactions.”

Positive Highlights for the Industry:

*Boost to Construction Equipment:* The budget’s focus on strengthening domestic manufacturing of high-value and technologically advanced construction and infrastructure equipment is a welcome move that will likely lead to better cost efficiencies for developers in the long run.

Urban Infrastructure & Municipal Bonds:

The government has proposed an incentive of ₹100 crore for single issuances of municipal bonds exceeding ₹1,000 crore. This is a significant step toward empowering urban local bodies to fund large-scale infrastructure projects, which directly benefits real estate development.

Strategic Urban Planning: The proposal to develop five University Townships near major industrial and logistic corridors will create new hubs for growth and residential demand.

Continuation of AMRUT: The extension of the AMRUT scheme ensures continued support for water supply, sewerage, and urban greenery, which are essential for sustainable housing projects.

Ease of Compliance: The extension of the timeframe for revising tax returns to March 31st and the introduction of a one-time 6-month foreign asset disclosure scheme provide much-needed flexibility and transparency for taxpayers, including property investors.

Areas of Concern and “Missed Opportunities:

Capital Gains Tax Clarity: While the budget focuses on “Tax Certainty,” the documents do not explicitly outline a reduction in Long-Term Capital Gains (LTCG) tax for immovable property, which remains a key demand to stimulate secondary market transactions.

Affordable Housing Stimulus: 

While the budget focuses on the underprivileged through the government’s ‘Sankalp’, the industry was hoping for specific new tax bates or interest subvention schemes to revive the affordable housing segment, which has seen a slowdown.

Industry Status: The long-standing request for granting “Infrastructure Status” to the entire real estate sector (currently limited to affordable housing) was not explicitly addressed in the primary highlights, which would have enabled easier access to low-cost institutional credit.

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