The Union Housing Ministry has terminated plans to develop eight new greenfield cities, citing inadequate planning frameworks. The unused Rs 8,000 crore grant from the 15th Finance Commission will be redeployed to bolster seven existing economic zones for optimized growth.

Union Budget 2026 introduces a city-led growth model targeting Tier 2 and Tier 3 cities with ₹5,000 crore urban infrastructure allocation, seven high-speed rail corridors, and CPSE REITs to reshape India's real estate landscape beyond metros.

Union Budget 2026 introduces strategic reforms for India's real estate sector including REIT-based CPSE asset monetisation, ₹5,000 crore City Economic Regions funding, simplified NRI property TDS compliance, and new construction equipment manufacturing incentives.