Maharashtra Budget 2026: Real Estate Industry Leaders React to Key Announcements
The Maharashtra State Budget 2026, presented by Chief Minister Devendra Fadnavis, has outlined a strong and forward-looking vision for the state’s housing and infrastructure sectors. Industry leaders have expressed their views on the budget, highlighting its potential to energise the real estate market and promote sustainable growth.
Mr. Prashant Sharma, President of NAREDCO Maharashtra, stated, “The Maharashtra State Budget 2026 presented by Chief Minister Devendra Fadnavis outlines a strong and forward-looking vision for the state’s housing and infrastructure sectors. The announcement on housing under the Pradhan Mantri Awas Yojana, with accelerated completions and rooftop solar subsidies, is particularly encouraging for the residential segment as it will enhance affordability while promoting sustainability. The increased focus on infrastructure investment, metro expansion, and digitised urban management also aligns well with key real estate growth corridors. Together, these measures will help energise demand, strengthen investor confidence, and generate employment across the housing value chain in the state.”
Mr. Kaushal Agarwal, Chairman of The Guardians Real Estate Advisory, commented on the budget’s emphasis on infrastructure. “The Maharashtra Budget’s strong focus on expanding metro corridors, coastal roads, and signal-free connectivity reflects a long-term vision to ease Mumbai’s chronic congestion and strengthen intra-city mobility. Projects such as the Wadala–Gateway of India underground metro, the airport-to-airport metro link, and key east–west road connectors are particularly significant as they will improve access to South Mumbai while better integrating emerging corridors across the city. From a real estate perspective, improved connectivity typically acts as a major catalyst for development, enhancing the attractiveness of several micro-markets and supporting more balanced urban growth across Mumbai.”
Ms. Shraddha Kedia-Agarwal, Director of Transcon Developers, praised the budget’s focus on housing completion and digitised urban services. “The state budget’s focus on housing completion and digitised urban services directly supports developer and consumer priorities. Enhanced infrastructure from coastal roads to underground traffic solutions will significantly improve liveability. With targeted development plans for key cities and support for innovation hubs, Maharashtra is creating a conducive ecosystem for sustainable urban expansion and real estate investment.”
Mr. Kamlesh Thakur, Co-Founder & Managing Director of Srishti Group, emphasized the comprehensive approach to urbanisation and connectivity. “The 2026 State budget takes a comprehensive approach to urbanisation and connectivity, with ambitious targets including 70% urban population by 2047, extensive metro expansions, and nearly 6,000 km of expressways. Key projects such as the Goregaon–Mulund Link Road, Versova–Bhayander Coastal Road, and underground subways in congestion-prone areas will significantly improve urban mobility across Mumbai. Combined with a focus on job creation, affordable housing completion, and digitised urban services, these initiatives enhance transparency, efficiency, and make Maharashtra an attractive destination for both buyers and developers.”
The budget’s emphasis on infrastructure, housing, and digitisation is expected to have a positive impact on the real estate sector, fostering growth and development in key urban areas. Real estate industry leaders are optimistic about the future prospects and the potential for sustainable urban expansion in Maharashtra.
