With the upcoming presentation of the Union Budget 2026–27 on February 1, various sectors, including real estate, capital markets, MSMEs, women, and senior citizens, are anticipating significant developments. The budget is urged to tackle fundamental issues and ensure that its advantages are accessible to the general public.
President of the Eastern Bihar Industries Association, Govind Agrawal, highlighted the critical role of the real estate sector in the economy, emphasizing its substantial impact on the common man and employment generation. Contributing nearly 7% to India’s GDP, real estate stands as the second-largest job creator after agriculture.
In discussions with experts, the need to redefine affordable housing in the budget was emphasized. Suggestions were made for the inclusion of GST input tax credit for builders to mitigate rising construction costs and housing prices. Chartered accountant and economist Pradeep Jhunjhunwala stressed the necessity for a people-centric budget, advocating for special tax benefits for senior citizens and an increase in tax exemptions in real estate to at least Rs 1 crore.
Addressing global uncertainties and market pressures, tax expert Sanjay Kumar Sakal highlighted the impact of factors like wars and tariff disputes on stock market volatility. Entrepreneur Priya Soni, focusing on women-centric expectations, praised government schemes empowering women but noted the need for increased awareness in rural areas. She suggested simplifying information dissemination on schemes through posters and campaigns, alongside higher allocations for women’s financial assistance programs.
