India, Jan. 29 -- With the Finance Minister set to present Budget 2026 on February 1, homebuyers are keenly watching for measures that could impact affordability and financing. Personal finance experts say the focus should be on borrowing costs, tax incentives, and access to credit to help buyers plan their first or next home.

Homebuyers are seeking an increase in the existing Rs.2 lakh cap on home loan interest deduction under Section 24 to at least Rs.4-6 lakh, as this could help first-time buyers by improving access to scheme-linked benefits, increasing loan eligibility, offering tax incentives, and narrowing the affordability gap. Additionally, raising the affordable housing price cap to Rs.75-85 lakh is expected to provide similar b...