CREDAI Visakhapatnam hails Union Budget thrust on housing, infrastructure

The Union Budget 2026–27, presented in the Lok Sabha by Finance Minister Nirmala Sitharaman, has been welcomed by CREDAI, Visakhapatnam, which termed the proposals progressive and supportive of the real estate and infrastructure sectors.

The association said the continued thrust on affordable housing, infrastructure-led development and expansion across Tier 1 and Tier 2 cities reflects policy stability and long-term intent. “The emphasis on reforms and growth-oriented measures strengthens confidence across the real estate value chain and aligns with the vision of a developed India,” said E. Ashok Kumar, president of the chapter.

He described the proposed Infrastructure Risk Guarantee Fund as a key announcement. “By offering calibrated public credit guarantees to lenders during high-risk construction phases, the government is addressing a major project financing challenge. This is expected to improve lender confidence and encourage greater private participation in housing and infrastructure,” he said.

Mr. Ashok Kumar noted that improved access to capital and smoother credit flow could help ease financing bottlenecks that often delay large projects. “The policy direction shows a clear intent to attract private investment and create an enabling environment, rather than rely solely on public spending,” he added.

CREDAI Visakhapatnam also welcomed the push for asset monetisation, particularly steps to accelerate the recycling of real estate assets held by Central Public Sector Enterprises through rights-based structures. “Unlocking value from underutilised public assets can release capital for new investments and ensure more efficient use of existing land and infrastructure,” he said.

On urban development, the association said the sharper focus on Tier 1 and Tier 2 cities was timely. As urbanisation expands beyond major metros, this approach could support balanced regional growth, ease pressure on large cities, and create new centres for housing, employment and infrastructure.

Overall, the association said the Budget builds confidence among developers, lenders and investors, while stressing that effective implementation will be crucial to sustaining momentum in affordable housing, infrastructure expansion and asset monetisation in emerging urban markets.