Budget 2026: Homebuyers Demand Higher Tax Exemptions, Reinstatement of 80EEA
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Moneycontrol•01-02-2026, 05:46
Budget 2026: Homebuyers Demand Higher Tax Exemptions, Reinstatement of 80EEA
- •Homebuyers anticipate significant reforms in housing loans in Budget 2026 to enhance affordability and boost the struggling real estate sector.
- •Key demands include increasing the Section 24(b) interest deduction limit from Rs 2 lakh to Rs 5 lakh and a separate cap for principal repayment or an overall hike in Section 80C.
- •There is a strong call to reinstate Section 80EEA, which previously offered first-time homebuyers an additional deduction of up to Rs 50,000 on home loan interest, and extend benefits to the new tax regime.
- •Homebuyers seek policy support for more affordable home loans, including interest subvention or EMI relief in early years, especially for first-time buyers.
- •Other suggested reforms include expanding priority-sector classification, higher loan limits for affordable housing, incentives for lenders, and support to clear stalled projects.
Why It Matters: Homebuyers urge Budget 2026 for higher tax exemptions, reinstatement of Section 80EEA, and policy support.
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