<h1>NAREDCO urges government to raise housing loan interest deduction to Rs 5 lakh and grant infrastructure status in Budget 2025.</h1> The National Real Estate Development Council (NAREDCO) has urged the government to increase the deduction on housing loan interest payments from Rs 2 lakh to Rs 5 lakh and grant infrastructure status to the housing sector in the upcoming Budget 2025. During a pre-budget meeting with the Finance Minister, NAREDCO emphasized the need for increased funding for affordable housing and suggested addressing capital gains tax issues. The council also highlighted the importance of focusing on rental housing alongside ownership housing. Additionally, infrastructure companies like Larsen & Toubro called for government support in resolving issues related to offshore projects.