New Delhi: Members of the real estate industry on Thursday presented their pre-Budget memorandum to finance minister Pranab Mukherjee. The recommendations of the industry include sops such as restructuring existing debt of developers till March 2011, re-introduction of section 80 IB(10), which gives tax incentive for building smaller houses, and increasing ceiling of Rs1 lakh under section 80C to Rs2 lakh and Rs1 lakh to be exclusively reserved for payment of principal borrowed for the purchase of a house.