Watch the interview of Ashutosh Limaye of JLL India and Aliff Fazelbhoy of ALMT Legal with Sumaira Abidi on CNBC-TV18, in which they shared their reading and outlook on proposed rental laws in Maharashtra and property in general.
The Maharashtra government is contemplating changes to the Maharashtra Rent Control Act 1999. If carried out, the amendments will result in rents of several residential and commercial properties rise significantly, especially in south Mumbai, reports Alexander Mathew.
Petrol pump dealers in Maharashtra have threatened to observe a two-day strike in Mumbai from July 2, to protest against government policy of withdrawal of protection of petrol pump lands under the Maharashtra Rent Control Act.