Mr. Nikhil Madan, MD, Mahima Group
“The Union Budget 2026 maintains a largely lukewarm sentiment, but consistent emphasis on capital expenditure as a driver of economic growth encourages hopefulness. With continued allocations toward transport, logistics, urban mobility and regional connectivity, Tier 2 and 3 cities are likely to witness the next phase of real estate development. The commitment to infrastructure led growth for Tier-2 cities is very promising for Jaipur with many existing projects underway such as Jaipur Ring Road, major industrial hubs and sector-specific parks in Rajasthan. In Jaipur, targeted urban infrastructure upgrades and policy continuity are incrementally improving liveability while unlocking new residential and mixed-use development opportunities. As economic activity continues to decentralise and housing demand broadens, the real estate sector stands to benefit from a more diversified and resilient demand base further supporting long-term and sustainable urbanisation rather than a purely cyclical, metro-led growth trajectory.”