Shriram HFC's Subramanian wants the Budget to focus on growing affordable and rental housing, and expects for some changes in norms, which can help boost property ownership.
“Measures such as increasing the maximum deduction from Rs 2 lakhs to Rs 4 lakhs for interest paid on self-occupied house property; tax exemption on rental income upto Rs 5 lakhs on residential properties; increasing tax rebates on home loans; and extending the deadline of the Pradhan Mantri Awas Yojana scheme could give a boost to property ownership,” he said.