Budget 2026: Real Estate Demands Industry Status, Faster Approvals, Land Digitisation

• India's real estate sector urges the government for industry status, land record digitisation, and single-window clearance ahead of Budget 2026.
• Industry status would provide cheaper long-term institutional credit, lower borrowing costs, and broader access to financing for developers.
• The sector contributes 7% to India's GDP, supports 200 allied industries, and has potential to reach 15% by 2047 with policy support.
• Developers seek single-window clearances to consolidate approvals, reduce red tape, shorten project gestation, and enhance transparency.
• Digitisation of land records and property acquisition reforms are also requested to accelerate development and ease homebuying.

Why It Matters: Real estate seeks industry status, single-window clearance, and land digitisation for growth and economic contribution.