India, Jan. 27 -- In a bid to boost demand in the real eState sector and the National Real EState Development Council (NAREDCO) has recommended the Union Ministry of Finance a slew of measures including setting a higher limit for interest deduction on home loans and reinStatement of the Income Tax Settlement Commission.

The recommendations come at a time when the apex realty organisation under the aegis of Union Ministry of Housing and Urban Affairs announced its Urban and Real EState Development Conclave, a premier national level conclave for the real eState sector.

"It is suggested that the deduction on account of interest payment available under Section 22 of I T Act 2025 should be made applicable from the year in which capital was b...