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Union Budget 2026: Post-Budget Reaction by DN Group

Post-Budget reaction on behalf of Swapan Mukherjee, Chief Financial Officer, DN Group:

"The Union Budget 2026 reinforces confidence in India’s long-term growth story, driven by sustained infrastructure investment, stronger connectivity, and a clear push toward balanced regional development. The focus on Tier-2 cities and eastern states like Odisha is particularly encouraging and will unlock new engines of growth beyond the metros."

"However, one structural issue in real estate continues to need urgent attention—the lack of GST input tax credit. Developers pay GST on construction inputs but cannot offset it, which increases project costs and ultimately pushes up home prices for buyers. In effect, the burden shifts to the end consumer, impacting affordability."

"Addressing GST input credit for real estate would improve transparency, reduce cost pressures, and align policy intent with on-ground realities—benefiting both homebuyers and responsible developers."

"Overall, Budget 2026 provides a stable and growth-oriented framework. With targeted GST rationalisation, it can further strengthen housing affordability and support sustainable urban expansion."

— Swapan Mukherjee
Chief Financial Officer, DN Group