Is it Mandatory to file an ITR before Availing a Housing Loan in India?

Does a house loan in India entail the need to file for ITR? It needs considerable investment to build or purchase a house. Whether it’s a rented apartment or an independent villa, the purchase amount could run into lakhs, if not crores. That’s not an amount that people usually manage to save; for most of us, instant purchase of a house isn’t a possibility. 

Impact of Pradhan Mantri Awas Yojana on The Real Estate Sector in India

Home loans up to Rs.12 lakh qualify for interest subsidy Incentivizes developers to look beyond the affluent customer segment Private equity real estate firms have invested as much as USD 6.1 billion in the country Housing sector can now avail institutional funding at better terms and conditions