Budget 2015: Increase deduction for interest on housing loans, says Anubhav Jain of Group Silverglades

NEW DELHI: With the Union budget for 2015-16 round the corner, the real estate sector is ready with its wish-list, hoping for a favourable treatment from the new government.

In this budget we expect a lot in term of attention and revenue for the real estate sector, said Anubhav Jain, Director, Group Silverglades.

He further said that the government should also ensure quick passage of Goods and Service Tax which will replace numerous taxes and help the consumers.

"The deduction for interest on housing loans needs to increase from the current limit. Removal of numerous taxes can encourage real estate sector on large scale", he added.