The Confederation of Real Estate Developers’ Associations of India (CREDAI) has sought tax exemptions for small houses (under-60 sq.m carpet area).

In a pre-budget memorandum to the Union Government, the CREDAI president Lalit Kumar Jain also asked for special housing zones with tax exemptions on the lines of Special Economic Zones that will have 45 sq.m houses for low income groups and 30 sq.m houses for economically weaker sections.