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Sophia Emotions, Technology and Japan virtual tour over less time frame

9/10/2020 6:31:00 PM

“Two minutes noodles” can understand better, how time is precious. As human is being busy, things have been transformed accordingly. Since sunrise to moon arrival, we try to make things easy so that time could be contained. We are not alone in life long drive, but we help each other to reach our destination. It is observed, the human being is curious since his birth and wants to know each and everything that is happening around. To save time, the news channels have started news hundred countdown, where you at least could grab entire news under “ho jao intelligent minto mai” idea. Subsequently, it also helps to sharp your rhyming couplet skill. “ho Jao intelligent minto mai” is one of among inspired rhyming couplet skill. Unlike news headlines, we got to know about our kid's adventures with explanation by our neighbors, as detail news after headlines, I agree with neighbors, some things should be presented in a terrible sprinkling manner. Neighbors are very good source of surveillance for kids as well as your entire family by their right “pair of binoculars”, their services are lifetime and absolute free. Even, without giving instructions, they look forward to provide their services. Apart from neighbors, whatsapp status, facebook and instagram post will let you know about their adventures. And in extreme cases hidden cameras will unfold their apocryphal tales made by them. There was a time where wives were spying on their beloved spouse by making frequent calls. Eavesdropping was also a trustworthy tool for them. It is sheer truth, Problems are the only source of Invention. Now vidio call helps your "Better Half" to be stressed out. But technology doing its work in an unbiased manner, and I hope a virtual reality and augmented reality will do justice equally. It is a very common thing in every element of technology, you can catch up on your target by sitting on well padded couch. In the previous year, some countries banned vedio calls over security reasons, however, later, govt had to permit VoIP apps with guidelines to be used. As a “ho jao intelligent minto mai” volunteer, instead of nicotine beverages, I believe to stir “Vita” powder in whole milk so that entire day I can do intelligent activities. Calling, pop out messages for clients, vedio calls and conferencing are among which we have to do frequently. And in Pandemic lockdown these digital tools proved that importance. Every person is always connected with their dreams emotionally. Where Sites visits for “ Dream Home” was done physically, it is done virtually now, It shows business intelligence. Although the final site visit has to be done by own over emotional perspective. Personally, I believe, all tasks should not be done digitally, for instance, home warming party is done by “Artificial Intelligence”. While written artificial intelligence, I remembered “Sophia” a social humanoid robot developed by Hong Kong-based company Hanson Robotics. Sophia was first turned on on February 14, 2016, and made her first public appearance at the South by Southwest Festival in mid-March 2016 in Austin, Texas, United States. Sophia is powered to display more than 50 facial expressions. Joy, grief, curiosity, confusion, contemplation, sorrow, frustration, among other feelings. The kind humanoid robot visited India for the first time in December 2017. She graced the stage at IIT- Bombay for about 20 minutes where it spoke about the growing intolerance in the world and advised the human race to be "kind" to fellow creatures. It is highly appreciable “Humanoid Robot” has emotions and her advise let me force to think we should express our emotions too with huge intelligence. As we Indians often give a sign of emotions once in a while. India is a culture enriched country. As a sign of respect, we reach down to touch the elder’s feet. “Namaste” is also the Indian form of greeting, to greet someone with a namaste, bring your hands together with palms touching in front of your chest gracefully. On the festival side, we ignite ghee lamp on “DIWALI” with gratitude and try to distribute self-made sweets instead of well-packed chocolates. However, to save our time, we cook “Two-minute noodles”, boiled or scrambled eggs, but in festivals, we believe to cook food by spending many hours to display mouth-watering traditional colorful culinary. In the technology era we love to click photos before eat and promptly post in various digital platforms to lure likes. And with in seconds inundated thumps up are on posted clicks. In some cases we call many to like post and sometimes we show anger to not give thumps up into post, vedio calls are often made too. During my “Virtual Japan Tour”, I preferred “Green Tea” not as a substitute for “Vita milk”. But, in order to feel a foreign tour in “Actual”. Green tea is undoubtedly the most popular tea in Japan. In my close inspection, I found, Japanese are quite shy and conservative as sort of Indians. Japanese greet each other by bowing. A deeper and longer bow indicates respect and while handshake, they practice to avoid eye contact as it is considered rude. It is good to exchange gifts with each other with both hands showing respect. One should be refuse a gift up to three times before finally accepting. On tour, meanwhile, some “Pop-Ups” made me laugh. I had to make sure, I tried to cover my mouth while laughing, as In Japan, covering mouth while laughing means not showing your exact reactions. Moreover, it helps to keep your emotions subtle and shy. This is also considered graceful for ladies in Japan. I will have to make sure, during my next virtual tour, I need to sit on an acupressure active chair instead of a well padded couch for not forgetting, I am not to “Actual” but to “Virtual tour". Chandigarh

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East or West all directions are Best

10/1/2020 10:05:00 AM

The Backpack seems often light when we are accompanied by google map on long travels, doesn’t matter, where we go. Put your destination in the search box and the beautiful voice comes from your mobile, which leads you to a destination while you are having less information about direction. You enjoy your favorite music with a high-quality subwoofer during decoding the body language of a travel planner, a huge quantity of enthusiasm is found prowling around the man of the trip. No worries about a travel destination and the traveling wave is in the right flow. Feeling nostalgic, while traveling with google map, direction theory was so easy and so simple as now. In initial academic years, among other basic things, we learned about directions and found nothing which could be confused. In short, the Sun rises in the east and sets in the west, the north will be on your left side and the south will be on your right while facing sunrise. As far as, I remember, auspicious and inauspicious words were never a part of the direction chapter at all. Although google map and GPS digital direction guide arrival make our travel smooth and enthusiastic, but, when direction accompanied by the dwelling, it becomes even terrible. Clarity seems to fade. Will this direction be auspicious? Some are being dragged to superstition having much confusion over dream home facing. Hardcore money is going to be put on it. There are millions of people, who are prowling around the confusion over direction while laying foundation for a dream home. Among so many things, I am unable to understand why people are so much confused over the direction. Their deep belief in direction magic effects dragged them to superstition to some extent. People believe, by constructing a study room in a particular direction, their kid's study will be impacted in a positive manner, but I have a doubt into it. Many success stories have been written under the sky. Dr. Abdul Kalam belonged to a poor family, he had not a study room in a particular direction as I have read about him. Apart from Dr. Abdul Kalam, there are so many brilliant people who had broken this myth while studying under the sky and streetlight. However, it is extremely important to place each room in perfect direction by best use of natural resources. Here, google map and GPS will not work with solidarity but your R&D can give you a confident ray of hope.. Climatic conditions and optimum use of natural resources recommend you a direction for a dream home. Land with huge vegetation, thick walls and high ceiling can be a good choice for hot climate region. North facing home works like a catalyst into it. It will be best to consider sunlight preference for each room before finalizing the direction for a particular room. Unlike the hottest region, South Facing or East Facing will be a good choice for cold climatic regions. Moreover, both positions receive a huge amount of natural light which means, climate condition recommends you a direction. We cannot recommend a particular direction for several climatic conditions. Sunlight and air like any other natural resource should be firmly considered as stakeholders; optimum utilization of each natural resource will escape your home to be a bill factory. A natural resource like sunlight not only effects the inner environment of home, bill amount figures but it also affects your mental health too. Here, we will try to find out how sunlight and darkness affect our mental health. Sunlight and darkness help in the release of good hormones in our brain when we are exposed in certain amount of time. When we get our cells exposed to sunlight then it is thought to increase the release of a good hormone called serotonin in brain. Serotonin is associated with boosting mood and helping a person feel calm and focused. At night, darkness trigger the brain to make another hormone called melatonin. This hormone is responsible for helping you to get sound sleep. Overthinking is not only restricted to home construction but also in home décor. As India believes in some philosophies on home dwelling and home décor, other countries also do the same. Japan follows wabi sabi and china believes in feng shui. Behind all philosophies could have the same intentions, but the elements revolve around the philosophy are different. Vastu shastra revolve around five elements water, air, sky, fire and space and feng shui includes wood, fire, earth, metal and water. Which thing will be where? what kind of things should be brought to bring happiness? I think let the home décor follows your heart. It is a place where you find peace after a long day hustle bustle. The space, where you embrace your good or bad, it symbolizes you not other persona. Akshardham Temple Complex has 10 massive and beautiful gates. The layout of the gates was planned according to the ten principal directions described in Indian culture. The gates, entryways reflect the Vedic sentiment of inviting goodness from everywhere to all visitors. I found, spirituality is embracing all directions, sunshine and blowing wind like nature’s pop-ups reveal east or west all directions are “The Best”. Chandigarh

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Natural disaster, Pandemic and more, if you don't fear

12/22/2020 11:58:00 AM

Since our birth, we are taught about god, as we cannot see him, but at the same time, we can experience his love and affection by breathing oxygen, drinking water, eating food and living in a suitable environment. In Marketing gimmick world, nature gives it free different products worldwide. It is a very strange thing, what have been provided by nature are the most prominent things to live, but we give importance to other things. It is the time where we google each and everything, so google it, human being needs to live. Money would not stand anywhere but oxygen, water and food. Human being is among the wise creation of nature, but his over smartness is creating drastic problems worldwide. Nature gives exact habitats to each creation where they can live peacefully, but human curiosity never ends. It is good to consider worse things and make efforts to bring them into equilibrium, but it is bad to stimulate better things and finish them into worse. Human often do R&D and sometime try to make perfect things more perfect. He enters the marine world and expect their aquatic life will let him do arbitrariness on the contrary, whenever mistakenly animals enter his boundary he is ready to destroy them. Is it right? It is humorous when he stops his breath in water and try to live in water as long as possible while he is human, and land is the perfect place to live so why he does this worse thing it reflect his expansionist attitude. Human innovations could not be denied. Switzerland is the world’s most-innovative economy followed by Sweden, the United States of America (U.S.), the United Kingdom (U.K.) and the Netherlands, according to the GII 2020. 2020 ranking of science and technology hotspots Tokyo-Yokohama is the top performing hotspot again, followed by Shenzhen-Hong Kong- Guangzhou, Seoul, Beijing, and San Jose-San Francisco. Economies achieved huge levels in innovation, Science and Technology, and they are capable to predict nature surprises, but it is also true we cannot deny supreme power will. Whatever nature wants to do, it does. Sometimes it seems cruel attempt of her, but in close inspect we found foul play is also done by human too. Selfishness is a very common word, and we take it very lightly. But it is like mental disorder, when human embrace selfishness, he is wrapped up in own desires and don’t care others. There are countless instances which let the selfishness prove poisonous. Deforestation, emissions of greenhouse gases, soil erosion, Plastic use, etc. are problems which are creating huge disaster worldwide. Although, agreements are being signed over climate change, PARIS AGREEMENT is one among where Its goal is to limit global warming to well below 2, preferably to 1.5 degrees Celsius, compared to pre-industrial levels. It was adopted by 196 Parties at COP 21 in Paris, on 12 December 2015 and entered into force on 4 November 2016. These are agreement which can help to control climate change, but it seems agreements should be tabled on cruelty. Recently, horrible news was just breaking TV big screen with sad vibrations, human attempt of cruelty happened in Malappuram, Kerala where a pregnant elephant died after a local allegedly fed her a pineapple stuffed with crackers. Some News reported that locals did this horrible task to safeguard their crops from wild animals. But destroy someone's life is not the way at all. The question arises, how human being can take decisions over animals and vegetation life. Both cannot speak and escalate their grievance, so supreme power does justice by doing natural disasters. A herd of elephant was seen rummaging food around garbage areas located next to a wildlife protection zone, A landfill site in the town of Ampara Sri Lanka was created about a decade ago. It is a head scratcher sad moment that why the elephant is helpless to find his food in scrap. This is a jumbo problem in Sri Lanka on human and elephant conflict. Where human want to save their crop field and elephant does enter human boundaries or to jump scrap in search of food. Now it is the human responsibility to get solved as soon as possible. Unlike human can find good in bad, animals take the things same as displayed. If we talk about air pollution, In India, more people have been killed due to toxic air pollution in 2019 than in 2017, according to Lancet report published recently. 1.67 million deaths accounting for 18% of all fatalities. New Delhi, Kolkata and Mumbai were on the list of the world’s 20 worst polluted cities. It is the human responsibility to provide a better environment to others who are also the stakeholders of nature, if not, at least let the nature as it is as it has been created. Otherwise, be ready for floods, hurricanes, tornadoes, volcanic eruptions, earthquakes, tsunamis and storms, etc. Another natural treatment also here like pandemic, as we all know whole world are shivering under corona disaster. Science and Technology help to shield the entire world, but things which happened around let us know, supreme power controls the entire universe and even atom cannot change its position without his will. And if someone dares to imbalance nature the result will be worse. Being loved, spread love and respect each other habitants are good health prescriptions for nature creations. In profitable Marketing world, maverick tricks are being carried out to sell products, but nature care its creation by providing them basic things under lifetime package, Simultaneously, we should make proper utilization of natural resources. Chandigarh

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Growth of the affordable housing segment in India in 2021

1/16/2021 12:52:00 PM

The lasting effects of the outbreak of Covid-19 have ensured that 2020 has been a difficult year for economies across the globe. While the effects seem to have been muted to a certain extent in the last quarter of the calendar year, in general, several nations and organizations are still coming to terms with a different future than the one initially envisaged. Work from home has become a reality for many and therefore the value of owning ones home has become that much more important for several families. Furthermore, aside from just work, people have moved several parts of their life to digital platforms such as online education, video-based medical consultations, increased e-commerce and business-related video conferencing and webinars etc. thereby further accentuating the need for a spacious home. This has contributed to the increased demand for residential real estate in major cities across India. Certain trends in housing and more particularly affordable housing will remain crucial in maintaining the momentum of home sales in 2021. I have highlighted a few below. Housing for All Mission: The government’s ‘Housing for all’ initiative that it aims to achieve by 2022 has boosted this segment. Various rules and regulations such as the Pradhan Mantri Awas Yojna (PMAY) and the GST rate cut from 8% to 1% for the affordable housing segment-have been made to help the economically weaker section get affordable housing. These new schemes and rules imply that houses below Rs 45 lakh will be exchanged with a GST rate of 1%. Furthermore, the government’s effort to extend the deadline for Credit Linked Interest Subsidy Scheme to March 31, 2021, under PMAY has brought a positive impact on the middle-class and has encouraged them to buy properties with their limited budgets. Affordable Rental Housing Complexes (ARHCs): The ARHC has been envisaged as a sub-scheme under Pradhan Mantri AWAS Yojana-Urban (PMAY-U) with a view to provide ease of living to urban migrants engaged in informal sectors of the economy. During the lockdown, migrant workers suffered the most as a result of poor communication and lack of welfare schemes. Affordable Rental Housing Complexes scheme will help unlock existing vacant housing stock and make them available for affordable rental. It will also encourage investment and promote entrepreneurship in the rental housing sector by providing the right incentives for private companies and public entities to utilize their vacant land for developing ARHCs. SWAMIH Investment Fund: A Special Window for Affordable and Mid-Income Housing Investment Fund has been formed to complete construction of stalled, RERA-registered affordable and mid-income category housing projects which are stuck due to paucity of money. The fund is expected to provide relief to homebuyers and fast track stalled projects by providing last-mile funding on a LIFO basis. Lucrative Investment Prospects: This is the right time for investment in the realty sector as developers are offering cheaper rates for the best properties to clear unsold inventories. Further, interest rates on home loans are extremely attractive at the moment, making this a good time for residents as well as NRIs to take the home investment plunge. Model Tenancy Law: The much-awaited model tenancy law is expected to come out in 2021. The model tenancy law will eliminate anomalies and give a boost to the real estate sector. Provisions announced in the Act would make renting a viable option for tenants as well as property owners. Though the real estate market has suffered during this pandemic, there are green shoots of recovery, which are visible since the start of the festive season. It is important that Covid-19 cases in India continue to show a decline, which in turn would help more activities to restart and ultimately push the economy towards recovery. Recent news of successful vaccine trials will only continue to improve this positive market sentiment. There are high hopes from the upcoming budget which is expected to focus on reviving the stalled economic sector. Source: Times of India India

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Luxury housing sales rise in Delhi-NCR

1/18/2021 2:16:00 PM

The luxury residential market in Delhi NCR made a promising comeback in 2020 with developers selling 929 units priced over Rs 1.5 crore during the year. Thoughsales were down 34% Y-o-Y, market watchers say the numbers will rise as demand is mainly being driven by NRIs and HNIs, who are exploring projects with world class amenities and property management, among other factors. Developers and analysts point out that 2021 will witness more traction in the luxury segment as NRIs and HNIs who have been scouting the market for deals will finalise their transactions in the first half of 2021. Although sales in luxury housing in Delhi NCR in 2020 were lower on an annual basis, its share of total sales have risen marginally. As per Anarock research, NCR saw total housing sales of more than 23,220 units, of which nearly 4% was luxury, priced at Rs 1.5 crore and above. In 2019, total sales were 46,910 units, of which 3% was luxury. Anarock Property Consultants chairman Anuj Puri says the scintillating highs that luxury housing experienced in earlier years, especially as a good investment class, are over for good. Today, end users are driving majority of sales. Ever since demonetisation, in late 2016, developers have also significantly curtailed supply within this category, which positively impacted the segment in shedding its previous unsold stock. “In 2020, while affordable and mid segments continued to drive housing demand, luxury sales saw some movement in NCR despite the pandemic. This is also because the pandemic did not hit this buyer-class economically as much as it did the middle class,” Puri said. Square Yards principal partner and head (India sales)Rahul Purohit notes that the segment’s promising comeback in Q3 2020 was aided by low interest rates, strong asset value and an appreciation of the need for space owing to shifting work patterns. “Trend is mainly driven by NRIs and HNIs looking for projects that offer convenience, better property management standards, touchless luxury specifications and an ecosystem with world-class amenities,” Purohit explained. Properties in Gurgaon locations like Golf Course Road, Golf Course Extension and central Gurgaon commanding prices in the range of Rs 2-5 crore, and Sohna Road quoting prices above Rs 1 crore witnessed significant demand from aspiring homebuyers, he said, adding that luxury homes in Noida Expressway and central Noida with price estimates of above Rs 1 crore also drove much of the demand, with developers resorting to price corrections and recasting payment plans to accelerate buying decisions of consumers and liquidate pending stock. Going ahead, ABACorp director Amit Modi expects the luxury segment to perform well. “In 2021, the movement will be a little faster as HNIs and NRIs have expedited their search, and will finalise deals in first half of 2021. The deals for homes ranging up to Rs 1.5 crore are likely to be closed in first quarter itself,” he added. BPTP’s senior VP (sales & marketing) Amit Raj Jain points out that there is a lot of traction on properties upwards of Rs 1.2 crore, as people started to realise that this is the best time to buy houses. “We consider affordable and mid-housing at up to Rs 1 crore. Then from Rs 1-5 crore is premium and luxury is over Rs 5 crore. Our villas start at Rs 5 crore, where we have not seen much movement. But we are seeing movement in properties from Rs 70-80 lakh to Rs 2 crore. For us premium and affordable are doing fine,” he added. Raheja Developers COO Achal Raina says Covid-19 has created convergence between luxury real estate and quality living. “With millennials, too, looking forward to own their own luxury dwellings, we expect 30-40% increase in sales in the segment during 2021 calendar year. A major demand has also come due to people spending a lot of time at their homes. The same people have now started searching for bigger and spacious homes with all luxury amenities within the same vicinity,” he added. “Trend is mainly driven by NRIs and HNIs looking for projects that offer convenience, better property management standards, touchless luxury specifications and an ecosystem with world-class amenities,” Purohit explained. Properties in Gurgaon locations like Golf Course Road, Golf Course Extension and central Gurgaon commanding prices in the range of Rs 2-5 crore, and Sohna Road quoting prices above Rs 1 crore witnessed significant demand from aspiring homebuyers, he said, adding that luxury homes in Noida Expressway and central Noida with price estimates of above Rs 1 crore also drove much of the demand, with developers resorting to price corrections and recasting payment plans to accelerate buying decisions of consumers and liquidate pending stock. Going ahead, ABACorp director Amit Modi expects the luxury segment to perform well. “In 2021, the movement will be a little faster as HNIs and NRIs have expedited their search, and will finalise deals in first half of 2021. The deals for homes ranging up to Rs 1.5 crore are likely to be closed in first quarter itself,” he added. BPTP’s senior VP (sales & marketing) Amit Raj Jain points out that there is a lot of traction on properties upwards of Rs 1.2 crore, as people started to realise that this is the best time to buy houses. “We consider affordable and mid-housing at up to Rs 1 crore. Then from Rs 1-5 crore is premium and luxury is over Rs 5 crore. Our villas start at Rs 5 crore, where we have not seen much movement. But we are seeing movement in properties from Rs 70-80 lakh to Rs 2 crore. For us premium and affordable are doing fine,” he added. Raheja Developers COO Achal Raina says Covid-19 has created convergence between luxury real estate and quality living. “With millennials, too, looking forward to own their own luxury dwellings, we expect 30-40% increase in sales in the segment during 2021 calendar year. A major demand has also come due to people spending a lot of time at their homes. The same people have now started searching for bigger and spacious homes with all luxury amenities within the same vicinity,” he added. Source: Financial Express Delhi-NCR

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Give infrastructure status to the real estate sector: NAREDCO

1/19/2021 11:16:00 AM

Stating that a housing revolution is the need of the hour much like the IT revolution and the green revolution, the National Real Estate Development Council (NAREDCO) has urged the government to provide an infrastructure status to the real estate sector to enhance its borrowing capacity. The real estate body also emphasized on the need for an increase in tax deduction on home loan interest from the current Rs 2 lakh to Rs 5 lakh to boost sales. There should be more stressed funds on the lines of the SWAMIH fund for providing funding to stuck projects and incentives for rental housing, NAREDCO said as it presented its wishlist for Union Budget 2021-22 on January 14. “The ongoing COVID-19 pandemic has impacted global economies and Indian real estate is not spared from the depths of despair. The fiscal impetus announced under (the) Aatmanirbhar Bharat has led to renewed consumer demand that led to the emergence of green shoots in (the) Indian economy and real estate sectors. The laudable measures like tax rationalisation, additional stress fund, ample liquidity tools will keep the momentum going and propel India towards a $5 trillion economy,” said Niranjan Hiranandani, National President, NAREDCO. “We want that the real estate sector be given infrastructure status to boost its borrowing capacity,” he told reporters. Maharashtra has cut stamp duties and this has helped boost the sector. The recent cut in premium is also likely to rationalise housing prices in the state. "We want a housing revolution like the IT revolution and the green revolution," Hiranandani said. Two segments - rental and affordable housing - need an impetus in Budget 2021. For rental housing, enhanced HRA Tax Exemption; increase depreciation rate for the rental projects like in commercial buildings and allow ‘carry on’ of loss from rental income, NAREDCO said. Similarly, affordable housing will benefit from increasing completion period to six years; while enabling concessional lending rate for affordable housing projects. Extending the Credit Linked Subsidy Scheme (CLSS) for all segments will support homebuyers. To promote rental housing, deduction of 30 percent from the annual rental income (for purpose of maintenance) should be increased to 50 percent. This will not only improve ROI, but will also encourage citizens from investing in residential properties for giving on rent, it said. As for the government-backed SWAMIH fund worth Rs 25,000 crore, Hiranandani said the Centre should allow more such stress funds to help facilitate the last-mile funding for stressed and stalled projects. "Industry demands estimated Rs 1,25,000 crore via many HFCs/NBFCs who are ready to establish such funds for ailing real estate sector. This will allow for faster appraisals and sanctions," he said. As an incentive to homebuyers, the deduction on home loan interest should be enhanced to Rs 5 lakh from Rs 2 lakh under section 24 of IT Act 1961, it said. It also recommended long-term capital gains at 10 per cent (on par with the provision of section 112 for equity shares and reduction in the period of holding house property to up to 12 months from existing 24/36 months to qualify as a long-term capital asset. Rajeev Talwar, Chairman, NAREDCO, said the “Interest on housing loans should be fully allowed under Income Tax Deduction without any ceiling. The current limit of interest deduction under Section 24 of IT Act 1961 on housing loan of Rs 2 lakh should be removed to incentivise homebuyers and spurring overall demand. Also, loss from house property should be fully allowed to be adjusted against other heads of income. In case of unadjusted loss, it should be fully allowed to be carried forward to subsequent years.” “The RBI, through a notification in 2017, allowed a loan to-value ratio (LTV) of up to 90 percent for home loans for affordable houses of Rs 30 lakh or less. Same facility should be permitted for other housing including MIG and HIG as well,” he said. Talwar also said the government should lift the ban on subvention schemes. Under subvention schemes, homebuyers pay the initial amount, and the bank pays the loan amount to the developer according to the construction stage, while the interest portion on the loan disbursed is paid by the developer until possession. What this means is that the real estate developers pay pre-EMIs (equated monthly instalments) on behalf of homebuyers for a certain period specified in the contract or the date of possession. In 2013, the RBI had advised banks to exercise caution while financing purchases under the interest subvention schemes “in view of the higher risks associated with such lump sum disbursal of sanctioned housing loans and customer suitability issues.” In 2019, the National Housing Bank (NHB) had asked HFCs to "desist" from offering loans under interest subvention scheme after there were complaints of default. The result of the two advisories was that several banks and later the HFCs stopped funding under the scheme. NAREDCO said the one-time restructuring of loans will play an important role in improving the liquidity situation. "The requirement of the unit being 'standard unit' if done away and restructuring permitted for all units as per mutual agreement with the financing enterprise and the borrower would have a positive impact," it added. The realtors’ body also said External Commercial Borrowings for the sector and reforms for Special Economic Zones should be allowed, including extending notification date for IT/ITeS SEZs and withdrawal of MAT. “This will go a long way in ensuring green shoots in the real estate sector,” they said. Source: Money control Chandigarh

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