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Budget 2021: Real estate stocks climb up to 7% on FM’s affordable housing push
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As anticipated, affordable housing and rental housing got a big boost with the government extending the period for extra deduction of Rs 1.5 lakh available for loans up to March 31 2022. This will keep demand buoyant for affordable housing in 2021 as well, said Anuj Puri, Chairman at ANAROCK Property Consultants.
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The increase in time limit for affordable housing projects deduction and additional interest on loans borrowed for affordable housing will compensate the time lost due to the pandemic, said Divakar Vijayasarathy, Founder & Managing Partner, DVS Advisors LLP. ....

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