Maharashtra’s FY26 budget brings a significant boost to the real estate sector, with substantial allocations aimed at infrastructure expansion, affordable housing, and urban development. CREDAI-MCHI, the apex body representing the real estate sector in the Mumbai Metropolitan Region (MMR), has welcomed these forward-looking budgetary measures.
The Rs 15,000 crore investment in rural corridors, the proposed Vadhvan Port in Palghar by 2030, and the emphasis on transit-oriented development are set to enhance connectivity and make real estate development more viable.
Additionally, the focus on affordable housing under PMAY Phase-2 and the announcement of a third airport to serve Mumbai are expected to unlock new growth opportunities across the state.
Domnic Romell, President, CREDAI-MCHI said, "The Maharashtra state budget lays a strong foundation for economic growth through strategic investments in infrastructure and housing. The focus on urban development, including multi-modal corridors, metro projects, and improved connectivity, will propel the Mumbai Metropolitan Region (MMR) as the economic powerhouse of India."
"The allocation of Rs 8,100 crore for urban housing reaffirms the government's commitment to 'Housing for All,' which will provide a significant boost to real estate development. At CREDAI-MCHI, we welcome these forward-looking initiatives and look forward to collaborating with the government to drive sustainable and inclusive urban growth," he added.
Dhaval Ajmera, Secretary, CREDAI-MCHI stated, "The budget’s emphasis on industrial development, transport infrastructure, and housing will unlock new opportunities for real estate and allied sectors. The 'Make in Maharashtra' policy and projected investments of Rs 40 lakh crore over the next five years will create a robust demand for commercial and residential real estate. The government's focus on streamlining policies, enhancing fiscal discipline, and ensuring timely project execution will bring greater stability and confidence to the sector."
Nikunj Sanghvi, Treasurer of CREDAI-MCHI highlighted, "A budget that prioritizes capital investment and fiscal responsibility is always a win for real estate and infrastructure. The commitment to rural and urban housing, road connectivity, and financing through innovative models like Maha InvITs will drive long-term economic stability. With GST revenues witnessing steady growth and Maharashtra maintaining its lead in infrastructure spending, the real estate sector is poised for sustained expansion."
With Maharashtra leading the way in infrastructure-driven growth, the real estate sector is set to benefit immensely from these transformative budgetary measures, paving the way for a more robust and resilient property market.
