People in several condominium high-rises in Colombo were celebrating yesterday after the President announced in the Budget 2024 proposals that collection of rent from houses provided on an interest basis to urban low-income families will be entirely halted, and full ownership of these houses will be given to their respective occupants.
The President said that, in 2024, around 50,000 families will be granted ownership of such houses they are currently living in.
People in several condominium high-rises in Colombo 10, 14 and Bloemendhal area celebrated by lighting firecrackers and beating drums, and thanked the President for his decision.
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