Ramesh Nair, Managing Director & CEO, Mindspace Business Parks REIT

“Budget 2026 signals that India’s next phase of growth will be powered by deeper capital markets and faster infrastructure creation. Easing foreign individual participation in Indian equities, alongside dedicated REIT structures for CPSE asset monetisation, strengthens the pipeline for long-term institutional capital across real estate and infrastructure. The push to develop City Economic Regions, supported by high-speed connectivity corridors linking Mumbai, Pune Hyderabad and Chennai expands the addressable opportunity for organised commercial real estate by enabling the formation of new business districts.

The Budget’s focus on strategic sectors such as biopharma and semiconductors reinforces India’s ambition to be a global hub for advanced manufacturing and R&D ecosystems. The Scheme for Enhancement of Construction and Infrastructure Equipment should also improve execution capacity and timelines across the development cycle.

Critically, measures that support the digital economy — including safe-harbour clarity for IT services and a long-tenor tax holiday till 2047 for foreign cloud service providers setting up data centres in India — improve policy certainty, attract long-duration global capital, and create durable tailwinds for REITs through stronger occupier demand and deeper liquidity.”