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Affordable Housing Boost in Haryana

The Affordable Housing segment is set to get a major boost with the Haryana Cabinet’s go-ahead for amendment in Affordable Housing Policy-2013 Haryana Development and Regulation of Urban Areas Act 1975

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Affordable Housing Buying Benifits!

Budget: Benefit on purchase of affordable house extended by one more year

The benefit is over and above the tax benefit of Rs 2 lakh available u/s 24(B) of the Income Tax Act on interest on Housing Loan on both self-occupied and rented properties. So, by buying an affordable house, a taxpayer may avail tax benefits up to Rs 3.5 on interest paid on a home loan taken to buy such a house

Over the past few years, the real estate in India has had to deal with several large-scale policy changes – demonetization, GST, and the RERA Act – that have impacted its growth. The sector was only beginning to bounce back from the impact when the pandemic hit, completely disrupting demand and supply value chains.

May new home sales gain 2.2% from April

Sales of new single-family houses in May 2015 were at a seasonally adjusted annual rate of 546,000, which is up 2.2% from April, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. — From Housing Wire

3 ways to tame student loan debt and afford a mortgage

It’s no secret that student loans can make buying a home a challenge. But what exactly is the problem, and how can buyers overcome it? The problem is that student loans can be included in the buyer’s debt-to-income ratio or DTI. — From Bankrate

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Budget 2021 | Affordable Housing Policy-2013!

Buyers of affordable houses get more time to avail additional tax benefits

Budget 2021: By buying an affordable house, a taxpayer may avail tax benefits up to Rs 3.5 on interest paid on a home loan taken to buy such a house.

Union Budget 2021-22: Giving a fillip to the buyers of affordable houses, Finance Minister Nirmala Sitharaman has extended the time period of taking loans to buy such houses by one year – i.e. from March 31, 2021 to March 31, 2022 – to avail additional tax benefits of Rs 1.5 lakh u/s 80EEA of the Income Tax Act.

Section 80EEA provides tax benefits up to Rs 1.5 lakh on the interest paid on loans taken for Residential House Property for affordable housing. The benefit is over and above the tax benefit of Rs 2 lakh available u/s 24(B) of the Income Tax Act on interest on Housing Loan on both self-occupied and rented properties.

We’re working hard to be ready for all changes!

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Affordable Housing Roundup | Gurgaon

MINIMUM AND MAXIMUM AREA FOR SUCH PROJECT

The minimum and maximum area for
such projects shall be 5 acres and 10 acres respectively irrespective of the Development Plan
where such a project is proposed.

To Buy or Not to Buy: That Is the Developer’s Question

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