CREDAI Demands National Rental Housing Mission, Tax Sops in Budget
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News18•24-01-2026, 16:00
CREDAI Demands National Rental Housing Mission, Tax Sops in Budget
- •CREDAI urges the government to launch a National Rental Housing Mission in the upcoming Budget, offering tax incentives for developers and tenants.
- •The realtors' body seeks revision of affordable housing area norms (60 sqm in metros, 90 sqm in non-metros) and removal of the Rs 45 lakh price cap.
- •CREDAI proposes increasing home loan interest deduction from Rs 2 lakh to Rs 5 lakh to boost housing demand.
- •Industry leaders also call for industry status for real estate, single-window clearance for Global Capability Centres (GCCs), and incentives for green buildings.
- •The current affordable housing definition, unchanged since 2017, is deemed outdated due to escalated land and construction costs.
Why It Matters: CREDAI advocates for a National Rental Housing Mission and significant tax reforms to boost India's real estate sector.
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