Budget Expectations by Dr. Nitesh Kumar, MD & CEO Emami Realty Ltd….

GRS News India : kolkata, 28th January, 2026.  Dr. Nitesh Kumar, MD & CEO, Emami Realty hopes that the Union Budget 2026-27 will be focus on affordable housing, tax rationalization, rapid approvals & sanctions, uniform land policies and infrastructure-led growth to sustain momentum in India’s real estate sector.
Dr. Nitesh Kumar Said, “The real estate sector is one for the major driver of the economic growth of India along with employment generation, and urban transformation. We hope the upcoming budget to provide a strong push for affordable housing and extension of tax incentives under Section 80-IBA. This will help bridge the housing gap and make home ownership more accessible to the mid-income segment.”
We request that the government ease the GST rates on properties that are under construction and ease in the stamp duty and registration charges. These measures will enhance affordability and demand in Tier II and Tier III cities where the government wants to accelerate growth.
We have seen that regulatory frameworks like RERA and tribunals have already corporatized and regularized the real estate industry, bringing significantly greater transparency for end consumers. In the same way, ease of doing business for economic drivers such as real estate developers is equally essential. This can be achieved by introducing uniform land policies across states, ensuring rapid approvals and sanctions, implementing a single-window clearance system, and rationalizing GST rates to curb rising construction costs, especially for metals and other key inputs, is also the need of the hour.
Higher spending on urban infrastructure like metros, roads, and smart cities will boost real estate by improving connectivity and quality of life. At the same time, incentives for green buildings and renewable energy will encourage sustainable development in line with India’s climate goals.
Easy access to funding for long term, simpler FDI rules, and supportive tax policies for REITs and InvITs will attract more investment into the sector. In addition, policy support for rental housing can create new demand, improve affordability, and meet the housing needs of India’s rapidly growing urban population.