₹1 Lakh Crore for Urban Development and Housing Revival

The Union Budget 2025-26 has announced a ₹1 lakh crore urban renewal fund to improve infrastructure, sanitation, and housing projects in cities. This initiative aims to modernize urban areas, complete stalled housing projects, and enhance living conditions.
Key Highlights of the Urban Development Plan
1.    Urban Renewal and Infrastructure Upgrades
o    Cities will undergo redevelopment with better water supply, sanitation, and cleanliness.
o    The funding will be shared 50:50 between the central government and state governments.
o    ₹15,000 crore allocated for the construction of 1 lakh new housing units.
2.    Completion of Stalled Housing Projects
o    ₹15,000 crore will be invested to complete stalled residential projects under SWAMIH 2.0.
o    50,000 unfinished housing units will be revived and completed.
o    This will help 40,000 homebuyers fulfill their dream of owning a house.
3.    Affordable Housing and Middle-Class Benefits
o    ₹50,000 crore fund for affordable housing will help people buy homes in urban areas.
o    The government is streamlining approvals for faster project completion.
4.    Boosting the Real Estate Sector
o    New policies will help real estate developers restart abandoned projects.
o    Builders facing financial difficulties will receive assistance to resume construction.
Expected Impact
•    Improved quality of life in urban areas through better infrastructure and cleanliness.
•    Increased housing availability for middle-class families.
•    Revitalization of the real estate sector, boosting construction jobs and economic activity.