Rajeev Talwar, CEO, DLF Ltd, and Chairman, NAREDCO
Real Estate

Rajeev Talwar, CEO, DLF Ltd, and Chairman, NAREDCO

Interest on housing loans should be fully allowed under income tax deduction without any ceiling. The current limit of interest deduction under Section 24 of IT Act 1961 on housing loans of Rs 0.2 million should be removed to incentivise home buyers and spurring overall demand. Also, loss from house property should be fully allowed to be adjusted against other heads of income. In case of unadjusted loss, it should be fully allowed to be carried forward to subsequent years.

RBI, through a notification in 2017, allowed a LTV of up to 90% for home loans for affordable houses of Rs 0.30 million or less. The same facility should be permitted for other housing including MIG and HIG as well.

Interest on housing loans should be fully allowed under income tax deduction without any ceiling. The current limit of interest deduction under Section 24 of IT Act 1961 on housing loans of Rs 0.2 million should be removed to incentivise home buyers and spurring overall demand. Also, loss from house property should be fully allowed to be adjusted against other heads of income. In case of unadjusted loss, it should be fully allowed to be carried forward to subsequent years. RBI, through a notification in 2017, allowed a LTV of up to 90% for home loans for affordable houses of Rs 0.30 million or less. The same facility should be permitted for other housing including MIG and HIG as well.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Hindalco Baphlimali Mine Secures ASI Certification

Hindalco Industries has announced that Utkal Alumina International Limited’s Baphlimali Bauxite Mine in Rayagada district, Odisha, has achieved Aluminium Stewardship Initiative (ASI) Performance Standard V3.1 certification.With this achievement, Baphlimali has become the first bauxite mining operation in India to secure ASI Performance Standard V3.1 certification.The certification covers planning, mining, onsite crushing and conveyor transportation of bauxite from the mine, which has an annual production capacity of 8.5 million tonnes. The mine supplies bauxite to Utkal Alumina’s refinery ..

Next Story
Infrastructure Urban

Hindustan Zinc Builds Young Leadership Pipeline

Hindustan Zinc is strengthening its next-generation leadership pipeline, with 10% of the company’s leaders now under the age of 35.The company said more than 62% of its workforce is under 35, while its gender diversity ratio stands at 26.3%. Young professionals are taking on roles across mining, manufacturing, technology, sustainability and business leadership.Over the past two fiscal years, Hindustan Zinc has hired nearly 700 young professionals. This includes 335 campus recruits in FY26 through its VLDP, GET, PGET and MT programmes from leading institutions across India.Amarendu Prakash, C..

Next Story
Infrastructure Urban

Vedanta Metal Bazaar Expands to International Markets

Vedanta Aluminium Metal Limited has expanded its flagship digital e-commerce platform, Vedanta Metal Bazaar (VMB), to international markets, enabling overseas customers to order and buy aluminium products online.The platform will now serve customers across Asia, Europe, Africa and the Americas. International buyers will gain access to more than 1,000 aluminium product variants along with simplified price booking, live LME-linked hedging and digital transaction management.Vedanta Metal Bazaar processed transactions worth nearly $4.1 billion, or over Rs 38,000 crore, in FY26 and fulfilled more t..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement