New Delhi, Jan. 30 -- "Keeping the pre-budget expectations for Indian residential real estate in 2024, the hon'ble government's focus on strategic measures poised to rejuvenate the sector. At the forefront of our anticipation is a call for increased home loan interest rebates under the Income Tax Act Section 24. Increasing the rebate from Rs.2 lakh to a substantial Rs.5 lakh is not just a fiscal adjustment but a catalyst for stimulating the housing market and bolstering homebuyer confidence.
Furthermore, recognising local developers as Micro, Small, and Medium Enterprises (MSMEs) shall also be considered as a pivotal step. This not only amplifies accountability and transparency but extends a lifeline to these developers by providing access...