India, Feb. 1 -- Budget 2026-27 reinforced the government's urbanisation push, prioritising infrastructure development in tier-II and tier-III cities. The renewed emphasis on these cities is expected to create an additional growth lever for the real estate sector alongside tier-I markets, said real estate experts.

However, the absence of specific announcements on affordable housing has disappointed the real estate sector, which has been seeking a revision in the definition of affordable housing by raising the price cap from Rs.45 lakh to Rs.80-90 lakh. The allocations for the government's flagship housing scheme, Pradhan Mantri Awas Yojana (PMAY) Urban 2.0, saw a marginal decline of 5.9 percent in the Union Budget 2026-27.

While Credai ...