New Delhi, Jan. 8 -- The arrival of the Union Budget 2025 marks a crucial juncture for the real estate sector, poised at the intersection of challenges and opportunities. Industry stakeholders are pushing for bold and transformative actions to tackle high costs, improve affordability, and sustain the sector's growth trajectory.
One key proposal is to raise the tax exemption limit on housing loans under Section 24(b) of the Income Tax Act from Rs.2 lakh to Rs.5 lakh. This adjustment alone could offer substantial financial relief to homebuyers, stimulating demand, especially within the middle-income bracket. Furthermore, reintroducing the Credit Linked Subsidy Scheme (CLSS) for first-time homebuyers could play a pivotal role in advancing t...
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