 "Sitharaman")
Affordable housing projects are expected to get a boost with the Finance Minister Nirmala Sitharaman's annoucements for the segment.
Sitharaman proposed to extend the Rs 1.5 lakh benefit on interest paid on affordable housing loans by one year to March 31, 2022. Last year this was extended by a year to March 2021 from March 2020 earlier.
Affordable housing projects are given a deduction under Section 80IBA of the Income Tax Act.
The FM also gave additional tax exemptions for affordable rental housing projects which will be aimed at providing rental housing for migrant workers.
"Affordable housing projects will continue
