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Investment loans aren’t very different to regular home loans, or mortgage loans – you will own the property bought with such a loan, yet won’t occupy it yourself. Many people consider homes a good investment because the property is likely to appreciate in value, provided it is looked after well, and there should be a steady rental income stream.
Finance Minister Nirmala Sitharaman said the government is proposing additional tax deduction of Rs 1.50 lakh on interest paid on home loans. paid on loans taken for purchase of electric vehicles.