CREDAI Visakhapatnam Hails Budget for Boosting Real Estate and Infrastructure
On February 1, 2026, Finance Minister Nirmala Sitharaman unveiled the budget for the financial year 2026-27 in the Lok Sabha. The budget was met with high praise from CREDAI Visakhapatnam, who highlighted its progressive and supportive approach towards the real estate and infrastructure sectors.
E Ashok Kumar, the President of CREDAI Visakhapatnam, led the chapter in welcoming the budget. The organization emphasized that the ongoing efforts to make housing more affordable through infrastructure-driven development and its expansion in tier 1 and tier 2 cities demonstrate a long-term commitment and stable policy framework.
Ashok Kumar noted that the government is addressing and considering calibrated reforms and growth, which bolster confidence among the real estate value chain, aligning with the vision of a developed India. He further stated that offering calibrated public credit guarantees to lenders during highly risky construction phases is a significant financial challenge. This measure is expected to enhance lenders' confidence, encouraging greater participation in housing and infrastructure. Enhanced access to capital and a more streamlined credit flow would help prevent delays in large projects and eliminate financial bottlenecks.
The policy is designed to attract private investment by creating a conducive environment and reducing dependence on public funding. CREDAI Vizag welcomed the emphasis on asset monetization, appreciating the swift measures aimed at recycling real estate within the Central Public Sector Enterprise. The organization also advocated for a focused approach to the urban development of tier 1 and tier 2 cities without delay. By recognizing that urbanization extends beyond metropolitan areas, this initiative aims to promote balanced growth, alleviate pressure on major cities, and enhance the efficient use of land and infrastructure.
Overall, the budget is seen as a wave of encouragement for real estate and infrastructure developers, lenders, and investors. It implements affordable housing, infrastructure expansion, and asset monetization, fostering a robust and sustainable development ecosystem.
