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Union Budget 2026–27: Post-Budget Reaction by Puravankara Ltd

Post-Budget reaction from Mr. Rajat Rastogi, CEO – West & Commercial Assets (Pan India) at Puravankara Ltd:

"The Union Budget 2026-27 delivers a clear and confident signal that India’s growth story will be infrastructure-led and city-centric. The decision to raise public capital expenditure to ₹12.2 lakh crore marks a decisive shift towards balanced urbanisation. For the real estate sector, this represents a strong foundational push—infrastructure spending of this scale directly improves connectivity, unlocks new micro-markets, and strengthens long-term housing demand across both metros and emerging growth corridors."

"From a Western India perspective, we are particularly encouraged by the announcement of the Mumbai–Pune High-Speed Rail Corridor and the broader vision of seven high-speed rail corridors as ‘growth connectors.’ This has the potential to fundamentally reshape the residential and commercial landscape of the Mumbai Metropolitan Region and the Pune corridor. Improved intercity connectivity doesn’t just reduce travel time—it expands where people can live, work, and invest."

"Measures such as the Infrastructure Risk Guarantee Fund and accelerated asset monetisation through REITs will improve capital flow, reduce execution risks and encourage greater private sector participation—an industry-wide ask echoed by several real estate stakeholders."

"The emphasis on Tier II and Tier III city development, combined with the sustained infrastructure momentum, aligns well with our own strategy of building responsibly in markets that are shaping India’s urban future. Overall, this Budget lays the foundation for sustainable urbanisation, long-term investor confidence and a more resilient real estate sector aligned with India’s Viksit Bharat vision."

— Mr. Rajat Rastogi
CEO – West & Commercial Assets (Pan India), Puravankara Ltd