Haryana Real Estate Sector Welcomes Union Budget 2026's Infrastructure Push
With the Union Budget 2026-27 placing significant emphasis on the real estate market through new infrastructure development projects and provisions, developers and real estate market players from Haryana, particularly those operating in the National Capital Region (NCR), have expressed strong approval. The budget's strategic focus on urban development and risk mitigation measures has been hailed as a transformative step for the sector.
Capital Expenditure Increase Praised for Urban Development
Parveen Jain, the chairperson of the National Real Estate Development Council (NAREDCO), highlighted the finance minister's decision to raise capital expenditure from Rs 11.2 lakh crore to Rs 12.2 lakh crore for the fiscal year 2026-27. This increase, with a special focus on cities boasting populations exceeding 5 lakh, is viewed as a far-sighted initiative aimed at balanced urban development. Jain emphasized that this move will serve as a powerful catalyst for real estate activity in Tier-2 and Tier-3 cities, accelerating urbanization beyond the confines of major metropolitan areas.
Infrastructure Risk Guarantee Fund Boosts Developer Confidence
A key highlight for developers is the proposed Infrastructure Risk Guarantee Fund. According to Jain, this fund will play a crucial role in mitigating project risks during the development and construction phases. By enhancing lender confidence and facilitating easier access to finance, it is expected to support timely project execution across the country.
Navdeep Sardana, founder of Whiteland Corporation, echoed this sentiment, describing the fund as a major confidence booster. "By de-risking the construction phase and improving credit availability, this initiative will accelerate project execution and attract more private investment," Sardana stated. He further noted that faster asset monetization through real estate investment trusts (REITs) and enhanced freight connectivity will unlock additional liquidity within the real estate ecosystem.
Visionary Moves to Decongest Metros and Create New Urban Hubs
Ravi Saund, founding director of Emperium Group, applauded the budget's continued momentum in capital expenditure and its strategic interventions in developing city economic regions. "This is a clear signal of the government's intent to build a 'Viksit Bharat' (Developed India)," Saund remarked. He believes these visionary measures will not only help decongest metropolitan areas but also foster thriving new urban ecosystems where aspirational Indians can live and work, aligning perfectly with the sector's long-term growth narrative.
Strengthening NCR's Position as a Dynamic Property Market
For the Delhi-NCR market specifically, these budgetary measures are anticipated to strengthen infrastructure-led growth and improve regional connectivity. Sardana pointed out that this will drive sustained demand across residential, commercial, and logistics real estate segments, thereby reinforcing NCR's status as India's most dynamic property market.
Policy Continuity and Shift Towards Asset Efficiency
Manik Malik, CEO of BPTP, noted that the Union Budget 2026 reflects policy continuity through its sustained focus on infrastructure development and planned urbanization. These elements together form the structural foundation for long-term growth in the real estate sector.
Jitendra Yadav, director of Roots Developers, described the budget as a master plan in shifting India's real estate sector from asset creation to asset efficiency. "With the integration of seven high-speed rail corridors, such as Delhi-Varanasi, the government is not just moving people but expanding the boundaries of metropolitan regions like Delhi NCR," Yadav explained.
Cabinet Minister Hails Budget as a Roadmap for Growth
Cabinet minister Vipul Goel characterized the budget as one that brings the spirit of 'Reforms over Rhetoric' to the ground. He asserted that this budget goes beyond mere announcements and slogans, presenting a clear roadmap to propel India towards fast, sustainable, and inclusive growth through solid policy reforms.
