Overview
- Submitting recommendations to the Finance Ministry, NAREDCO sought to raise the self-occupied home-loan interest deduction to ₹5 lakh from ₹2 lakh and allow claims from the year of borrowing by removing the five-year completion condition.
- It urged lifting the affordable-housing price ceiling to ₹75–80 lakh, expanding access to the 1% GST rate and related benefits.
- The council reiterated its demand for formal industry status for real estate to enable cheaper financing for land and construction materials.
- Citing rental yields of just 1–3%, it called for tax incentives and policy support for rental housing, including scrapping the need for project-specific central notifications to claim benefits.
- Leaders also asked the government to revive the Income Tax Settlement Commission to speed tax dispute resolution and to deploy public land for affordable and mid-income housing.