India, Jan. 21 -- For Budget 2026, homebuyers have proposed that the government clearly define 'affordable' and 'mid-segment' housing, including caps on permissible rates per square foot of carpet area and minimum mandatory facilities and amenities. Their wishlist also includes stricter accountability for developers, with financial penalties for project delays or failure to honour booking-stage commitments, mirroring the loss of benefits faced by allottees in the event of default.

Homebuyers have also suggested that the government introduce a subsidised interest scheme on home loans for allottees purchasing homes in the affordable and mid-segment categories, linked to timely EMI payments. They say tying the benefit to payment discipline ...