New Delhi: The present home loan interest rates are heavy enough to crush the borrower with its burden. In a step to provide relief to the users and power up the housing sector, the housing ministry has asked finance ministry to raise the tax deduction limit on home loans from 1.5 lakh to 2 lakh in the coming budget.Coming to the discussion of capital gains tax (A tax levied on profit from the sale of property or of an investment), now one can get exemption from it by buying a single home that’s worth equal to the profit gained from the investment/selling. But now on an urge from builders, it is demanded that buyers can have freedom of buying more than one property and still get the exemption. It’s assumed that this will fuel the sluggish housing industry in the country.On one side we talk about thousands of projects in the pipeline but on the other side, acute shortage of houses is burning the heads. Mainly the shortage is in the lower income group. It is sad that they are always grinded everywhere. Thus to increase the availability of affordable housing projects, the housing ministry seeks exemption in service tax for private builders who are involved in such category of projects. This will encourage small developers to take up projects that aim for LIG and MIG. With all that, giving infrastructure status to housing sector will also help developers in accessing home loans (generally it comes under commercial status).There is a lot more to do that just anticipate if we really want the people of our country to get the affordable dream home and with that keeping a perpetually strong real estate sector. If we cannot fulfill the needs of the masses then all the lavishness and luxury building up everywhere will lose its charm.