Real estate and senior living sector
The Hindu
Budget 2022 is an opportunity for the government to ease the burden on a demographic that has been most affected by the double whammy of decreasing interest rates, increasing retail inflation and medi
Budget 2022 is an opportunity for the government to ease the burden on a demographic that has been most affected by the double whammy of decreasing interest rates, increasing retail inflation and medical expenses inflation over the past couple of years – retirees and senior citizens.
With a fixed income dependent on returns from savings made during their working life, senior citizens need the government’s intervention so banks can provide a higher rate of return on their deposits and the income tax slabs and tax levels are revised to leave more money at their disposal.
Improvement in the terms of reverse mortgage is another area where government policy can help unlock the value in an asset such that senior citizens can enjoy the benefits of the same in their lifetime. An amendment in the rules that allows the owner to continue to live in the home that (s)he has put on mortgage and an increase in the percentage of home value that can be provided as a loan would go a long way in making reverse mortgage another option for senior citizens to monetise their investment.
The university will be able to utilise the services of 80 permanent faculty working in these two colleges. According to university officials, apart from this, students of both colleges can advance academically by using the opportunities for research and academic collaboration, well-equipped library, playground, laboratory and other facilities in the university.
Das Suryawanshi, State Commissioner for Disabilities Act, said, “We have achieved the 5% reservation category mentioned in the RPWD Act for Groups C and D, while we have achieved the 4% mark in terms of Group A and B.” But, accessibility to government offices, even in the Vidhana Soudha and the General Post Office (GPO) in Bengaluru, is a problem.