NAREDCO pitches for raising tax exemption limit on home loan interest to Rs 5 lakh in Union Budget 2024

Realtors' body NAREDCO suggests raising the tax exemption on self-occupied property loan interest from Rs 2 lakh to Rs 5 lakh in the upcoming budget to boost housing demand amid rising prices and mortgage rates. Additionally, builders seek tax incentives to stimulate affordable home demand and supply, proposing various policy adjustments to support the real estate sector