NITI Aayog has prepared the report “A Comprehensive Framework to Promote Affordable Housing” with the Ministry of Housing and Urban Affairs.
It suggested reintroducing a 100% tax exemption for developers of approved affordable housing projects.
The loan limit under the Credit Risk Guarantee Fund Scheme for Low Income Housing (CRGFTLIH) has been proposed to double to ₹40 lakh.
Tax exemptions on capital gains and rental income from Real Estate Investment Trusts (REITs) are proposed to lower funding costs.
National Housing Bank (NHB) may issue tax-free bonds for concessional funding for economically weaker sections (EWS) and low-income group (LIG) buyers.
Stamp duty, registration fees, and change of land use charges may be exempted for affordable housing projects, including those under the Pradhan Mantri Awas Yojana – Urban 2.0.