Australia stocks fell as Commonwealth Bank plunged about 10% following an earnings miss, dragging the broader market. The move comes alongside major housing tax changes in the federal budget: negative gearing is proposed to be restricted to newly built homes, while a 50% capital gains tax discount would be replaced with inflation indexation to steer demand toward new properties.
Haryana’s new retirement housing policy is drawing developers into senior living as rules now allow more units per project, improving financial viability. The policy also supports integrated communities with day to day amenities. With people living longer and families restructuring, demand is rising quickly, attracting major developers to a largely untapped market.
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