New Delhi, Feb. 1 -- Industry leaders across real estate, finance, manufacturing and capital markets have largely welcomed the Union Budget 2026, calling it growth-oriented, people-centric and supportive of long-term economic resilience, with a strong thrust on infrastructure, urban development and MSMEs.

Parveen Jain, President of NAREDCO, said the government's decision to raise capital expenditure from Rs 11.2 lakh crore to Rs 12.2 lakh crore for FY 2026-27 is a forward-looking step.

He said, "A special focus on cities with a population of over five lakhs is a far-sighted move towards balanced urban development. This will act as a strong booster for real estate activity in Tier-2 and Tier-3 cities and accelerate urbanization".

Sarbvi...