Is housing loan ineligible if not occupied

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I am working in Mumbai metro city, living in parents property.

I am planning to construct/resale purchase of property at my home town and will be locked and blocked for our month end Stay and avail housing loan.

now the query is,
whether I am eligible for 80c and 24 for the principal repayment and interest paid, since it is not occupied in full year, simply locked and blocked.

veteran please advise
Replies (1)

Yes, you will be eligible for the benefits, as the same will be treated as Self Occupied Property, in ITR.


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