CREDAI demands to have a relook at affordable housing

18 Jan 2022 CW Team

Confederation of Real Estate Developers’ Associations of India (CREDAI) said that the interest deduction for homebuyers in tax rebates should be increased to provide momentum to the Center’s vision of affordable housing and housing for all.

President, Harshvardhan Patodiasaid that lower restrictions on the housing sector will increase sales as well as lead to a quicker economic recovery.

CREDAI is expecting the Union budget to provide infrastructure development and housing with the required impetus as finance minister Nirmala Sitharaman will be introducing several real estate sector amendments, relaxations, and extensions.

The finance ministry is urged to extend the homebuyers’ interest deduction for a tax rebate for boosting the overall sales considering the obstacles created due to the third wave of Covid.

An increase of Rs 3 lakh in the home loan borrowers’ tax deduction is demanded by the real estate builders, which is currently Rs 2 lakh. An extension of the timelines for seeking the credit-linked subsidy scheme (CLSS) benefits is also demanded.

In the current situation, the center needs to take a relook at the term- affordable housing. CREDAI has requested an extension in the affordable projects’ eligibility till March 31, 2023.

Furthermore, they also expect provisions having measures that include the deduction of loss under house property and addition to the housing loan principal repayment limit. They also expect the income tax burden to be reduced and provisions to be relaxed.

CREDAI is confident that real estate sector development can add to faster economic recovery.

Image Source

Technology

28 Oct 2025

Building Faster, Smarter, and Greener!

Backed by ULCCS’s century-old legacy, U-Sphere combines technology, modular design and sustainable practices to deliver faster and more efficient projects. In an interaction with CW, Rohit Prabhakar, Director - Business Development, shares how the company’s integrated model of ‘Speed-Build’, ‘Smart-Build’ and ‘Sustain-Build’ is redefining construction efficiency, quality and environmental responsibility in India.U-Sphere positions itself at the intersection of speed, sustainability and smart design. How does this translate into measurable efficiency on the ground?At U..

Smart Roads, Smarter India

India’s infrastructure boom is not only about laying more kilometres of highways – it’s about building them smarter, safer and more sustainably. From drones mapping fragile Himalayan slopes to 3D machine-controlled graders reducing human error, technology is steadily reshaping the way projects are planned and executed. Yet, the journey towards digitisation remains complex, demanding not just capital but also coordination, training and vision.Until recently, engineers largely depended on Survey of India toposheets and traditional survey methods like total stations or DGPS to prepare detai..

What Does DCPR 2034 Mean?

The Maharashtra government has eased approval norms for high-rise buildings under DCPR 2034, enabling the municipal commissioner to sanction projects up to 180 m on large plots. This change is expected to streamline approvals, reduce procedural delays and accelerate redevelopment, drawing reactions from developers, planners and industry experts about its implications for Mumbai’s vertical growth.Under the revised DCPR 2034 rules, buildings on plots of 2,000 sq m or more can now be approved up to 180 m by the municipal commissioner, provided structural and geotechnical reports are certified b..