Vacant Land Tax May be proposed in upcoming budget

It is understood from social media platforms that the final nail in thte builders coffin is going to get announced as “ Vacant Land Tax “ in the forthcoming budget . Landholdings not classified as construction initiated project sites or as not yielding agricultural output are expected to be levied with 6.5 % of ready reckoner value as annual vacant land tax . This shall promote loosening up of land holdings &
thus discourage land idling & prompt owners towards liquidating their land holdings rather than simply sitting over same . This is major expected move of the central government towards affordable housing . The move is expected to encource liquidation of undeveloped real estate , in form of open land , by estimated drop of about 18.6 % in land prices over next 8 to 9 months . Contract land farming is expected to get encouraged as a result of above notification , with expected 4.3 % increase in agricultural output within next 9 months .