Budget progressive, to give push to realty: Credai

Visakhapatnam: Credai Visakhapatnam has termed the Union Budget 2026 -27, presented in the Lok Sabha by Finance Minister Nirmala Sitharaman, as progressive and supportive of the real estate and infrastructure sectors.

Lauding the proposals, representatives of Credai highlighted the proposed Infrastructure Risk Guarantee Fund as a major announcement.

In a chat with Bizz Buzz, E Ashok Kumar, President of the Credai Visakhapatnam chapter, said the move to provide calibrated public credit guarantees to lenders during high risk construction phases addresses a key project financing challenge.

He noted that this is expected to improve lender confidence and encourage stronger private participation in housing and infrastructure.

Ashok Kumar opined that better access to capital and smoother credit flow could ease financing bottlenecks that often delay large scale projects. The policy direction, he said, reflects an intent to attract private investment and create an enabling environment, rather than depending only on public expenditure.

The association also welcomed the focus on asset monetisation, especially measures aimed at faster recycling of real estate assets held by Central Public Sector Enterprises through rights-based structures.

According to Ashok Kumar, unlocking value from underutilised public assets can release capital for new investments while ensuring more efficient use of existing land and built infrastructure.

Referring to regional development, he said the allocation of Rs5,000 crore to each City Economic Region over five years is a significant step.

For Visakhapatnam, he said, this will support infrastructure, housing and connectivity, strengthening the city’s position as a growth centre beyond major metros. He added that public investment helps reduce risk and build buyer and investor confidence, which in turn encourages sustained private participation.