Quote on Pre-Budget Expectations by Ms. Abhishikta Munjal, Chief Risk Officer, IIFL Home Finance
Below the Quote on Pre-Budget Expectations by Ms. Abhishikta Munjal, Chief Risk Officer, IIFL Home Finance
"The upcoming Union Budget 2025 provides a key opportunity to address pressing issues in the home loan and affordable housing sectors. Increasing the tax deduction limit for housing loan interest under Section 24(b) from Rs 2 lakh to Rs 3–5 lakh would offer much-needed relief to middle-income homebuyers and encourage more investment in residential real estate. Additionally, boosting incentives under the Pradhan Mantri Awas Yojana 2.0 (PMAY) and reviving the Credit Linked Subsidy Scheme (CLSS) would further stimulate demand in the affordable housing segment. Simplifying access to financing for NBFCs that serve underserved communities and lowering GST on essential construction materials like cement would help reduce costs and improve affordability for both buyers and developers. At IIFL Home Finance, we remain dedicated to supporting the government’s vision of ‘Housing for All’ by offering innovative financing solutions for affordable and sustainable housing."
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