Real Estate Sector Eyes Industry Status, Single-Window Clearance in Budget 2026

• The real estate sector has high expectations from Union Budget 2026, particularly for industry status and a single-window clearance system.
• Industry status would allow real estate companies to access institutional credit at lower interest rates, reducing project costs.
• Digitization of land records and a single-window clearance system are anticipated to streamline project approvals and accelerate home deliveries.
• The sector currently contributes 7% to India's GDP and supports 200 other industries, with potential to reach 15% by 2047 with policy support.
• Faster growth in real estate also benefits allied sectors like steel, cement, paints, and lighting, emphasizing the need for government focus.

Why It Matters: Real estate seeks industry status and single-window clearance in Budget 2026 for growth and efficiency.