CREDAI wants 100pc deduction on interest paid on home loans to boost housing demand

CREDAI urged the government to increase the affordable housing price cap from ₹45 lakh to ₹75-80 lakh, reduce GST on under-construction homes, and offer a 100% deduction on home loan interest. These measures aim to stimulate demand, especially within the affordable and mid-income housing segments, and put more money in the hands of potential homebuyers.