Budget 2021: Govt extends benefits on affordable housing till March 2022

If you are keen on buying a house in an affordable housing project but have held off so far, you’ve got another chance to benefit from the extra tax concessions available on loans of such projects.

Finance Minister Nirmala Sitharaman on Monday proposed to extend the Rs 1.5-lakh benefit on interest paid on affordable housing loans by one year — till March 31, 2022.

The upper limit is capped at Rs 45 lakh for claiming this deduction.

According to Kamal Khetan, chairman and managing director at Mumbai-based Sunteck Realty, “This move will certainly prompt more demand, especially among first-time buyers.”

Arvind Hali, managing director