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Union Budget 2026–27 and Real Estate Law

Every February, the Union Budget is announced, and the real estate world reacts in a predictable way. Builders search for tax breaks, lawyers scan for amendments to RERA, and homebuyers look for some relief that might make houses cheaper. When none of that appears clearly on the first few pages, the usual conclusion follows: “Nothing much for real estate this year.” That reaction is understandable, but it is also incomplete. The Union Budget 2026–27 does not loudly announce changes to real estate laws. There is no dramatic amendment to RERA! no overhaul of property registration! and no new land law changes! But that does not mean real estate has been ignored. In fact, something far more important has happened quietly. The way the government thinks about real estate has changed, and that change will eventually reshape the law itself. Real Estate Is No Longer Just About Buying a Flat For a long time in India, real estate meant one thing for most people: buying a house. It was person...

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