Interest on housing loan treatment

I am an individual taxpayer having a house property with my name received by gift deed from mother. Now I am recently purchased an another new house property with my wife's name for which I have taken a loan(first time ever) from an approved financial institution and I am also co owner for loan purpose. Now my question is that am I able to claim the principal and loan rebate in my income tax file and also what will be impact to remove the rebate to claim RS. 150000/- for interest on loan in latest budget 2022 in my case. Kindly fully explain. Atul 8302096732