Realtors’ body NAREDCO on Thursday demanded that the government in the upcoming budget should enhance the deduction limit for interest on home loans to Rs 5 lakh from the current Rs 2 lakh, as well as provide industry status to further fuel the growth of the real estate sector.
The association also sought change in the definition of affordable housing and suggested that the homes costing up to Rs 75-80 lakh should be treated as affordable as against the price limit of Rs 45 lakh..
In a press conference held here, NAREDCO Chairman Niranjan Hiranandani said the Centre has undertaken various measures to support the real estate sector but there is a need to do more for affordable housing segment.
“We need to ensure Housing For All. Housing should get equal importance like any other infrastructure sector,” he added.
Hiranandani suggested the government should utilise it own land for development of affordable and mid-income housing.
NAREDCO President Parveen Jain said the limit for …​Realtors’ body NAREDCO on Thursday demanded that the government in the upcoming budget should enhance the deduction limit for interest on home loans to Rs 5 lakh from the current Rs 2 lakh, as well as provide industry status to further fuel the growth of the real estate sector.
The association also sought change in the definition of affordable housing and suggested that the homes costing up to Rs 75-80 lakh should be treated as affordable as against the price limit of Rs 45 lakh..
In a press conference held here, NAREDCO Chairman Niranjan Hiranandani said the Centre has undertaken various measures to support the real estate sector but there is a need to do more for affordable housing segment.
“We need to ensure Housing For All. Housing should get equal importance like any other infrastructure sector,” he added.
Hiranandani suggested the government should utilise it own land for development of affordable and mid-income housing.
NAREDCO President Parveen Jain said the limit for … ​Latest News [ SOBAN NEWS: International and National ]
