With Budget 2017 barely a few weeks away, stakeholders in the real estate sector have proposed a wish list asking for more clarity on beneficiaries who will avail housing loans with interest subsidies under Pradhan Mantri Awas Yojana (PMAY). They also want an increase in the tax deduction limit for housing loans, especially for metropolitan cities. The current limit of Rs 2 lakh is insignificant given the ticket sizes in cities, they say.
More clarity has also been sought in the GST (goods and services tax) structure announced last year.
Pradhan Mantri Awas Yojana