Ahmedabad-based Kushal Sharma took a ₹50 lakh home loan for an under-construction, self-occupied property and paid ₹1.5 lakh in interest before taking possession. Budget 2026 has clarified that such prior-period (pre-construction) interest can be claimed in five equal instalments after the completion of construction. However, the total annual deduction for home-loan interest on a self-occupied […]
For Budget 2026, homebuyers have proposed that the government clearly define ‘affordable’ and ‘mid-segment’ housing, including caps on permissible rates per square foot of carpet area and minimum mandatory facilities and amenities. Their wishlist also includes stricter accountability for developers, with financial penalties for project delays or failure to honour booking-stage commitments, mirroring the loss […]
Ahmedabad-based Arjun Saxena and Kavya Saxena purchased a flat with an annual home loan interest of ₹3 lakh. If Arjun had taken the loan alone, he could claim only ₹2 lakh under Section 24B, losing the tax benefit on the remaining ₹1 lakh. Instead, they chose joint ownership with equal EMI contribution. When a home […]