New Delhi, Jan. 23 -- From the phrase "roti, kapda aur makaan", it is evident that makaan is one of the three basic needs of a person. A person allocates a significant portion of his present and future savings to securing a roof over his head. Earlier, people used to build a house with their retirement funds, but nowadays, young people can realise their dream of owning a house with the easy availability of home loans in the prime of their youth.

In this article, we cover two aspects of home loans for house construction. First, the feasibility of availing a home loan for the construction of a house. Second, the tax benefits that are available for a home loan used to construct a house.

As far as availing a home loan is concerned, the lend...