Budget 2026: Nirmala Sitharaman's Big Good News for New Home Buyers; Rs. 5 Lakh Rebate?

• The Modi government is reportedly considering increasing the home loan interest rebate limit under Section 24(b) of the Income Tax Act.
• The current tax exemption limit of Rs. 2 lakh for home loan interest is deemed insufficient due to rising housing prices and interest rates.
• A proposal to raise this limit to Rs. 5 lakh is expected, offering significant relief to middle-class families by reducing taxable income.
• This potential increase could boost the real estate sector, stimulate allied industries, and create millions of jobs in construction.
• First-time home buyers and young individuals would be greatly incentivized, making homeownership more accessible and reducing financial burden.

Why It Matters: The government may increase home loan interest tax rebate to Rs. 5 lakh, benefiting homebuyers and boosting real estate.