Realty Leaders Demand Affordable Housing Reset for Budget 2026

As India gears up for Budget 2026, housing authorities and realty leaders are united in the call for a comprehensive reset in the affordable housing sector. The recent virtual conference, hosted by the National Real Estate Development Council (NAREDCO), shed light on the pressing need for a holistic approach to affordable housing.

NAREDCO President, Satish Magar, emphasized the importance of accessible housing for all, highlighting the significant portion of the population still lacking adequate housing solutions. He suggested that the upcoming budget should prioritize schemes to aid both first-time home buyers and renters who are struggling in today's economic climate.

Additionally, industry leaders called for transparency and efficiency in housing regulations. They urged the government to implement beneficial policies that would facilitate faster project approvals and reduce construction costs. This is seen as vital to help real estate developers bring affordable units to market more swiftly.

Experts believe the government should also explore innovative financing options to help bridge the gap between the supply of affordable housing and the increasing demand from the middle and lower-income segments of society. Furthermore, enhancing public-private partnerships can catalyze investment in affordable housing projects.

As stakeholders await the Union Budget announcement, the realty sector remains hopeful that the necessary frameworks and incentives will be established to foster a sustainable environment for affordable housing.

Conclusion

With the right policies and a collaborative effort from the government and private sectors, there's potential for a significant transformation in India's affordable housing landscape in 2026.