As per Mr. Milind Gowardhan, MD and CEO at Leaf Fintech, “We expect the government to keep focusing on the affordable housing segment as we saw demand for housing bounce back strongly after the first and second waves, driven mainly by historically low-interest rates on home loans. The cap of Rs 2 lakh per annum against interest rate deduction under section 24(b) of the Act needs to be hiked to at least Rs 5 lakh along with removing the Rs 45 lakh cap from affordable housing, which will boost the affordable and mid-segment housing in a big way.
Milind also says, “We expect the government to continue promoting the affordable rental housing schemes by announcing tax reliefs for rental housing projects, which will fast track the pace of investments in these schemes. The existing tax exemption on housing loans should be raised. The personal income tax could be made easier in terms of heads and filing in the budget.”
This article was shared with Prittle Prattle News as a Press Release.
