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Budget to encourage more launches in affordable housing segment

Budget has proposed an additional deduction of Rs 1.5 lakh for interest paid on loans borrowed up to end-March, 2020 for purchase of an affordable house, valued up to 45 lakh

Budget set to encourage more launches in affordable housing segment

The Union Budget’s proposal on additional deduction for interest paid on affordable housing loans is set to expedite new launches in the category.   “Already, roughly 67 per cent of all launches have been in this category. With the Budget continuing focus on affordable housing, the share of launches should improve to 75 per cent in the second half of the year. Anyway, the market has also been supporting launches in this category,” Ashutosh Limaye, head of ANAROCK Consulting Services, told Business Standard.   According to Ramesh Nair, country head at JLL India, ...