Budget 2023: Real estate sector wants tax sops, PPP in affordable housing

Budget 2023: Co-working space companies want the Centre to reduce the rate of tax deducted at source on their services

The Centre should enhance the tax deduction limit against home loan interest from Rs 2 lakh to Rs 5 lakh in the upcoming Budget 2023-24, real estate industry experts told Business Standard. They also suggested that some incentives to promote the public-private partnership (PPP) model in affordable housing should also be brought in.

"After a lull of about 7-8 years, real estate sector is witnessing good demand and sales since the last two years," said Pradeep Aggarwal, founder and chairman of real estate development company Signature Global.

"Keeping in view the rising interest rate on home loans, the government should