Section 80ee

1. Though u have not claimed any deduction u/s 80EE for AY14-15, it cannot be claimed as deduction during AY 15-16. If possible, u can try to revise the return for AY14-15 (provided the assessment is still complete)
2. However, u can claim 1/5th of 1 lac as pre-construction interest during AY15-16
3. Assuming the house is going to be self occupied, the total deduction that can be claimed as deduction u/s 24b is Rs.2 lacs. Since interest payable for the FY14-15 itself is Rs.2.2 lacs (which already exceeds the limit), additional 20k (pre-construction period interest) wil not give u any further benefit.
4. But if the house is let out, then Rs.2.4 lacs (2.2. + 0.2) can be claimed as deduction.

Thanks Poornima.

I was told (misguideed) last year that one cannot make any claim on housing loan till the property is occupied. Will try a revised Return. 

Thanks once again for clairfying.