<b>Your money:</b> Investing in a house turns less attractive

The Budget announcements have reduced the incentives for property investments

Property investors never had it this bad. Prices have been stagnant for the past couple of years due to the ongoing slowdown. Demonetisation led to further dwindling of demand. Recent changes announced in the Union Budget are set to hurt investors further.

From the next financial year, you will only be able to claim a maximum deduction of Rs 2 lakh on the interest paid on home loans across all properties owned by you, including what is self-occupied. Say, a person has a self-occupied house that has an ongoing loan. He can claim up to Rs 1.5-lakh deduction on the