Our report, Union Budget 2025-2026: Reaction and Analysis, looks to understand the key announcements from this year’s budget and their potential impact on the real estate sector.

This year’s budget focuses on infrastructure development, promoting Public-Private Partnerships (PPPs), supporting start-ups, establishing Global Capability Centres (GCCs) and enhancing housing initiatives. While proposing zero income tax for annual incomes up to INR 12 lakh, Finance Minister Nirmala Sitharaman also proposed tax incentives for rental income that could lead to more investment in rental properties, benefiting second-home owners and driving increased demand in this segment. The budget's overall focus on growth and urbanisation paints a positive outlook for the industry.  More insights are available in our report.