People have a lot of expectations from the budget presented on February 1 to increase the areas of real estate, while this time the government can announce more tax exemption for the home buyers. The income tax exemption limit on home loan interest can be increased from Rs 3 to 4 lakh. At present, this exemption is Rs 2 lakh under section 24 of income tax. Apart from this, during the construction of the house, there can be a declaration of exemption on interest. The proposals received by the real estate industry and economists from the government in this regard, emphasize increasing income tax exemption on home loan interest. They believe that this will lead to more home loans, which will increase demand. This will also increase the flow of capital in the economy. The government has promised to provide houses to all by 2024. However, the government is now claiming that this target will be achieved in due course.

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Exemption limit can also be increased on the principal: Wherever it is being said that the exemption limit can also be increased on the principal of home loan in the budget. The option of giving a separate exemption on this is being considered. The home loan principal is exempted under section 80C, which is currently 1.5 lakh rupees. Sources say that the government wants the home loan waiver to be such that it does not put too much burden on its treasury. Also, a lot of money should go to common customers. Many proposals should be discussed for this.

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Road Ministry has high expectations: The road and transport ministry have high expectations from the budget. Sources said, "We hope that the budget allocation for the highway sector may increase by Rs 8,000-10,000 crore." In the last budget, an allocation of about 83,000 crores was made for this area. A senior official associated with the case says that the laying of roads in the entire country is the priority of the Ministry. The daily road construction target has to be increased from the current 27 km per day to 40 km per day. For this, the Ministry needs additional funds.

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