02-02-2026 12:00:00 AM
CREDAI Hyderabad has welcomed the Union Budget 2026-27, highlighting its focus on infrastructure-led growth, urban development, and emerging sectors like AI, biopharma research, and IT services. According to N. Jaideep Reddy, President of CREDAI Hyderabad, these measures will support the city’s economic expansion, though specific incentives to boost housing demand, particularly in the affordable segment, remain unclear.
B. Jagannath Rao, President-Elect, noted that the budget lays out a blueprint for a 'Viksit Bharat' with emphasis on urban infrastructure, municipal bonds, and advanced construction equipment. However, he stressed the need for direct interventions, such as tax rationalization for homebuyers and developers, to ensure the 'Housing for All' mission reaches its full potential.
Kranti Kiran Reddy, General Secretary, added that while the budget reflects a long-term vision for sustainable growth and tax certainty, it does not explicitly address long-term capital gains tax reduction on immovable property, which is a key demand to stimulate secondary market activity.
Positive industry highlights include incentives for high-tech construction equipment, funding for large municipal bond issuances, strategic urban planning with five new University Townships, and continuation of AMRUT schemes supporting water, sewerage, and urban greenery. The budget also offers extended timelines for tax compliance and foreign asset disclosures.
Areas of concern remain the lack of direct measures for affordable housing revival, such as tax benefits or interest subsidies, and the absence of full infrastructure status for the real estate sector, which could improve access to low-cost institutional credit.