Over the last few Budgets, the government has laid a strong foundation for commercial real estate through infrastructure investment, urban development programs, and capital-market reforms such as REITs and asset monetisation. As we look to Union Budget 2026–27, the next phase should focus on easing project-level financing, enabling structured private credit, and providing clearer tax and regulatory frameworks for alternative investment platforms. These measures can unlock long-term capital, support office expansion beyond core metros, and strengthen real estate’s role in employment and urban growth.

Sudarshan Lodha, Co-founder & CEO, Strata