New Delhi:
New consumers for home loans got a shot in the arm after Finance Minister P Chidambaram announced an additional deduction of Rs. 1 lakh on payment of interest (for self-occupied property) for homes below Rs. 25 lakh.
Currently, the deduction limit for payment of interest is Rs. 1.5 lakh.
All realty stocks reacted positively to the announcement. Anant Raj Industries, Sobha Developers traded with 5 per cent gains, while DLF jumped nearly 3 per cent.