SHELTER TO SMALL HOUSING SECTOR TILL 2012
- Extension of section 801B(10) of the I-T Act to housing projects approved before March 2008 & to be completed before 2012.
- Home buyers will get interest subsidy of 1% on loan up to Rs. 10 lakh for Rs. 20 lakh homes.
- Developers exempt from tax on income from sale of houses of 1,000 sqft built-up areas within 25 kms of municipal limits of cities and 1,500 sqft in other places.
- To boost housing in tier-II and tier-III cities.
- Return of more home buyers
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