Budget 2024: Real estate sector demands industry status, tax rebate on housing loan interest | Moneycontrol
With the Union budget approaching, real estate developers and expert demand industry status for the sector along with simplified single-window clearance system, revision in the GST input tax credit rules. The builders have also demanded that tax rebate on housing loan interest should be enhanced to a minimum of Rs 5 lakh.
Developer bodies like NAREDCO have also demanded that the second tranche of the Special Window for Affordable and Mid-Income Housing (SWAMIH) fund should also be launched with Rs 50,000 corpus in the upcoming union budget for FY 2024-2025.
