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CREDAI wants 100pc deduction on interest paid on home loans to boost housing demand

Summary by NewsDrum
New Delhi, Nov 25 (PTI) Realtors' apex body CREDAI on Monday asked the government to give a 100 per cent deduction on interest paid on home loans under the Income Tax Act to boost demand for affordable and mid-income housing. CREDAI, which is celebrating 25th foundation day, also demanded that the definition of affordable housing should be revised, increasing the cap from Rs 45 lakh to at least Rs 75-80 lakh. Addressing a press conference here, …
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