2017 is surely the best year to make your dream home a reality.
After a favourable Union Budget, here is another good news for the first-time homebuyers. Government has announced changes in the home loan interest subsidy slabs to spur the real estate market.
As per the new slabs, if you earn Rs 18 lac per annum, your first house will cost you Rs 2.4 lacs less as you will get subsidy on a part of your home loan interest from the government. This subsidy was earlier available to only those earning up to Rs 6 lac per annum. This progressive change in slabs will encourage more middle-class individuals to buy their dream home. [Read more…]