0
0
0
0
While tax benefits will encourage more people to buy a home, developers will benefit as the liquidity problem is resolved through a recapitalization of PSU banks and there is cheap housing support for the securitization of NBFC assets. It will help developers to provide liquidity cheap housing and credit flow with cash problems.
“The government announced important tax benefits that will help stimulate the demand for affordable housing. “The interest deduction of up to ¥ 3.5 lakh for affordable housing (with a price of ₹ 45 lakh) compared to ₹ 2 lakh above will be available until March 31, 2020. This can help attract first home buyers” said Mr. Puri.
On the other hand, he said, “From the perspective of real estate, the budget has not fulfilled many expectations because it has not addressed the most pressing concerns of the sector. We do not return sufficient quantity to the consumers and investors in the market. Except for affordable housing, the very important ‘state’ of the industry was elusive, tax was not sufficiently moderate and all institutional rentals in the country Agricultural reforms were not mentioned in the market.
On the other hand, he said, “From the perspective of real estate, the budget has not met many expectations because it has not addressed the most pressing concerns in the region, we do not return enough to consumers and investors in the market.
Kamal Khetan, CMD, Suntech Realty Ltd said: “FM has tried to overcome the obstacles related to real estate, on the both side of the financing side for buyers and developers.” To comply with housing for all by 2020 For the home buyers in the affordable housing sector, there is a direct intervention by stopping additional interest deduction of Rs 1.5 lakh. “
Neeraj Bansal, the partner of KPMG in India, said: “This will create a new demand for up to 45 houses in Lakh in the current year, which is a great positive for developers of affordable housing.”
Read Also: – Canadian Brookfield buys property in Mumbai for Rs 750 crores
Like our Facebook page: – News In Headlines
In a shocking development, YouTuber Praneeth Hanumanthu has become embroiled in controversy following his detention by the Telangana Cyber Security Bureau. Initially arrested for making offensive remarks during a podcast, Hanumanthu's predicament has escalated, resulting in further allegations under the Narcotic Drugs and Psychotropic Substances (NDPS) Act after he tested positive for cannabis consumption. The Context of the Detention The origins of Hanumanthu's difficulties can be linked to a podcast he hosted, which included a conversation that many considered highly unseemly. During this episode, he made inappropriate comments regarding the dynamics between a father and daughter, igniting outrage among viewers and critics alike. This incident quickly garnered the attention of both the public and law enforcement, prompting an investigation by the Telangana Cyber Security Bureau. The primary allegation centered around his remarks, which were deemed to have crossed the boundaries of acceptable discourse. This scenario raises broader inquiries about accountability and the duties of content creators, particularly in an era where online platforms can amplify messages to a large audience. As a public figure, Hanumanthu's statements carry substantial weight, and the backlash he has encountered signifies society's increasing intolerance towards harmful rhetoric. Charges Related to Substances Things took a turn for the worse for Hanumanthu when, following his arrest, authorities opted to perform a drug test. The results confirmed the presence of cannabis in his system, leading to additional allegations under the NDPS Act. This legislation is a strict law in India aimed at combating substance abuse and trafficking. By testing positive for drug use, Hanumanthu not only worsened his legal troubles but also further tarnished his reputation. The addition of drug-related charges initiates an important discourse about the effects of substance use among influencers and celebrities. Many young individuals look up to figures like Hanumanthu, and such disclosures can have significant consequences on their perceptions and behaviors. The fallout from his actions extends beyond legal issues; it also encompasses the ethical obligations that accompany public visibility. Reactions from the Public and Consequences The public’s reaction to Hanumanthu's arrest has been varied. Many viewers voiced their outrage over both his initial remarks and his later substance use. Social media has been inundated with discussions, memes, and criticisms, illustrating the swift spread of information and opinions in today’s digital environment. Critics contend that individuals like Hanumanthu should be held accountable for their influence, particularly when it concerns endorsing a healthy lifestyle and responsible behavior. On the other hand, some supporters have rallied behind him, advocating for the necessity of empathy and understanding. They highlight the pressures that accompany being a public figure, especially in a hyper-connected world where every action is scrutinized. This divide in public sentiment mirrors a broader societal conversation about celebrity culture, accountability, and the intricacies of mental health and substance use. The Wider Picture of Substance Abuse Hanumanthu's situation is also part of a larger discourse regarding drug abuse in India, especially among the youth. As discussions about mental health and substance use become more widespread, incidents like this underscore the pressing need for awareness and education about addiction and its root causes. The stigma surrounding drug use often hampers open dialogue about the topic, leaving many to endure in silence. Moreover, the legal implications of the NDPS Act spark questions about how society addresses drug-related offenses. While the act aims to deter substance abuse, critics argue that such laws can disproportionately impact certain demographics and do not tackle the underlying causes of addiction. Conversations around harm reduction, rehabilitation, and public health strategies are increasingly relevant within the framework of these laws. Prospects Ahead for Hanumanthu As Hanumanthu navigates the forthcoming legal hurdles, his future remains unpredictable. He faces possible legal repercussions for both his unsatisfactory comments and his substance use, which could greatly affect his career and personal life. The scenario serves as a cautionary example for content creators about the consequences of their expressions and actions, highlighting the need for thoughtful engagement with their audience.…
Nimrat Kaur is an Indian actress celebrated for her contributions to Hindi cinema and American…
Grey divorce refers to the increasing trend of couples aged 50 and older choosing to…
In 2024, YouTube sensation MrBeast, born Jimmy Donaldson, has captivated audiences worldwide not only through…
CarryMinati, also known as Ajey Nagar, has once again made waves in the Indian and…
A video featuring Akash Ambani and Isha Ambani, the famous twin children of India’s richest…