Naredco suggests raising tax relief on home loan interest to Rs 5 lakh | Business Standard
Realtors' body Naredco on Tuesday suggested that the tax exemption on interest on self-occupied property loans should be increased to Rs 5 lakh in the upcoming budget from Rs 2 lakh currently to boost housing demand amid a rise in housing prices and mortgage rates. Builders also sought some tax incentives to boost demand and supply of affordable homes.
