Mr. Girish Rowjee, Co-founder & CEO, greytHR
“The Union Budget 2025 reinforces India’s commitment to inclusive development, economic acceleration, and technological advancement. It sets a powerful momentum for India’s MSMEs and workforce transformation. With the credit guarantee cover doubling to ₹10 crore and MSME investment and turnover limits expanding (2.5X and 2X), small businesses now have greater financial flexibility to scale and innovate. The ₹10,000 crore Fund of Funds, five National Centres of Excellence for Skilling, and AI-driven education initiatives underscore India’s commitment to building a future-ready workforce.
The government’s move to remove income tax up to ₹12 lakhs is a crucial step in recognizing the middle class’s contribution to India’s economic growth. We also look forward to further tax reforms that support economic relief and financial well-being in the upcoming income tax bill.
Overall, the expectation is that these strategic reforms will accelerate entrepreneurship, enhance employability, and position India as a global hub for talent and innovation. At greytHR, we welcome the focus on MSME reforms, AI development, and tax reforms. We remain committed to driving innovation in HR tech, simplifying compliance, and empowering businesses to navigate this evolving landscape with confidence.
Mr. Kuljeet Singh, Director of Finance and Accounts at GI Group Holding.
“Budget 2025 brings much-needed tax reforms aimed at simplification, compliance ease, and middle-class relief. The extension of the updated tax return filing window to four years offers greater flexibility to taxpayers to rectify or revise their filings. Rationalizing TDS and TCS, along with increased thresholds on rent and LRS remittances for individuals, will ease compliance. The removal of TCS on education loans up to ₹10 lakh is a positive step for families investing in higher education. These measures indicate a clear intent to simplify the tax regime and enhance financial flexibility for the tax payers, but their real impact will depend on effective implementation and taxpayer adaptation.”
Ms. Priyanka Bhatia, Co-founder, Women on Wealth
The Union Budget 2025 shows a strong commitment to women’s financial empowerment and entrepreneurship. Dedicated initiatives for financial empowerment of women entrepreneurs, expanded access to credit through Mudra loans, and subsidies for women-led businesses will help bridge financial gaps. The government’s focus on simplifying loan processes and offering lower interest rates is a welcome step in making business ownership more accessible. Additionally, the new scheme providing term loans of up to ₹2 crore for 5 lakh first-time entrepreneurs, including women, will be a major boost for financial independence and business growth. These measures reinforce a progressive vision for women’s economic participation and long-term financial inclusion.
Mr. Sudhir Pai, CEO, Magickbricks
“The government’s plan to develop 50 top tourist destinations will boost local economies and drive real estate growth. Improved infrastructure and rising tourism are increasing demand for residential, commercial, and hospitality properties, making these areas prime investment hubs.
Lifestyle destinations like Goa, Nainital, and Dehradun are already witnessing strong buyer interest, as investors explore opportunities for long-term gains, holiday homes, and short-term rentals. The trend highlights a growing preference for second homes that double as income-generating assets, further fueling real estate expansion in these high-demand locations.”
Mr. Udit Jain, Director, One Group
The Union Budget 2025-26 presents a visionary roadmap for India’s growth, with a strong emphasis on infrastructure development, urban reforms, and housing support. The Finance Minister has outlined bold proposals aimed at accelerating economic progress through Public-Private Partnerships (PPP), interest-free loans to states for capital expenditure, and incentives for governance and urban planning reforms. These measures reaffirm the government’s commitment to strengthening municipal services, optimizing urban land use, and enhancing nationwide infrastructure.
Additionally, the government’s decision to revise tax slabs and reduce tax rates is a welcome move that will lead to significant savings for taxpayers, particularly the middle-income group. At a time when rising living costs, inflation, and increasing household expenses are putting financial pressure on individuals, this relief will offer much-needed financial breathing space.
Beyond individual benefits, this measure is expected to have a broader economic impact by boosting disposable income and enhancing purchasing power. With more money in hand, households will be in a stronger financial position to service home loans and invest in real estate, driving higher demand for home buying. A stronger housing market will not only benefit homebuyers but also stimulate growth across allied industries such as construction, home décor, and banking, further fueling economic momentum.
Mr. Jairam Sridharan, MD, Piramal Finance
For the past few years, the Government has been the main actor in driving GDP growth. This budget is an invitation from the government – for private consumption and MSME sector to step forward and take a lead. A prudent borrowing plan for next year, contained spending and adherence to fiscal discipline offers space to fast track a change in monetary policy stance. So overall – the budget lays the groundwork for a rate cut cycle to start, and offers mechanisms for consumption and private sector growth to pick up.
Ms. Shruti Jain, Chief Strategy Officer, Arihant Capital Markets Ltd
Finance Minister Nirmala Sitharaman’s announcement in the Union Budget 2025 revealed an ambitious plan to achieve 100 GW of nuclear energy by 2047 and amend the Atomic Energy Act. This initiative aims to bolster India’s nuclear energy capacity, providing a notable boost to the capital goods sector with increased investments and opportunities in nuclear infrastructure and technology.
While this move is beneficial for the capital goods sector, it raises significant concerns regarding sustainability. Nuclear energy, despite its low carbon emissions, relies on finite resources like uranium, which have environmental impacts during extraction and processing. Additionally, the management of radioactive waste and the potential risks associated with nuclear accidents present long-term challenges.
Moreover, several countries are phasing out nuclear energy due to its sustainability and safety concerns. For example, Germany decided to shut down its nuclear reactors by 2022, while Italy voted to remain non-nuclear. Switzerland has banned the construction of new reactors, and Belgium plans to phase out nuclear plants by 2035.
This announcement also appears to be misaligned with India’s commitment to reducing carbon emissions. While nuclear energy is a low-carbon source, the environmental and safety concerns undermine its long-term sustainability. Balancing this initiative with investments in renewable energy sources like solar and wind, which are more sustainable, is crucial for India’s environmental goals.
Mr. Vineet Nanda, Director Sales & Marketing, Krisumi Corporation
The Budget 2025-26 marks a pivotal moment for our economy—a decisive step towards revitalizing demand and strengthening the backbone of our nation, the middle class. The tax exemption on income up to Rs 12 lakh is a welcome relief that will not only stimulate spending but also bolster confidence across various sectors, with real estate poised to be a prime beneficiary.
The launch of SWAMIH Fund 2, with a dedicated corpus of Rs 15,000 crore to complete one lakh stalled housing projects, stands out as a landmark initiative. This measure will accelerate the completion of essential housing projects and restore buyer confidence, laying a strong foundation for a more robust residential market.
Furthermore, the provision allowing the ownership of two self-occupied properties without additional tax conditions is a forward-looking move that will encourage investment in second homes, enhancing the diversity and resilience of the housing sector.
The budget’s strong focus on urban development—evident in the establishment of a Rs 1 lakh crore fund for developing cities as Growth Hubs—signals a clear commitment to transforming our urban centers into engines of economic progress. This initiative is set to drive sustainable urban redevelopment, modernize infrastructure, and unlock new growth opportunities.
At Krisumi Corporation, we see the Budget 2025-26 as a powerful catalyst for change. It aligns with our vision of fostering a dynamic and resilient real estate market that supports sustainable growth. We are ready to embrace these transformative measures and contribute to building a more prosperous future for our nation.
Mr. Sahil Agarwal, CEO, Nimbus Group
The Union Budget 2025-26 presents a well-balanced approach, addressing critical sectors of the economy while ensuring sustainable growth. Infrastructure development remains a top priority, with the government introducing various schemes to strengthen both urban and rural infrastructure, enhance connectivity, and drive economic expansion.
A key highlight of the budget is the government’s continued commitment to reviving stalled real estate projects. The Special Window for Affordable and Mid-Income Housing (SWAMIH) scheme, which has already played a pivotal role in unlocking delayed housing projects, is set to receive a major boost. The government has proposed the creation of SWAMIH Fund 2, a blended finance facility with contributions from the government, banks, and private investors. With a ₹15,000 crore corpus, this initiative aims to accelerate the completion of an additional 1 lakh housing units, providing crucial relief to homebuyers and stimulating growth in the real estate sector.
Additionally, tax slab revisions leading to higher disposable income will likely boost housing demand, as increased savings will encourage more individuals to invest in homeownership. By prioritizing infrastructure growth, housing revival, and economic stimulus, the budget lays the groundwork for long-term financial stability and a stronger real estate market.
