Aug 15, 2021 09:43 AM IST
The affordable housing rental complex (AHRC) scheme acknowledges the needs of mobile workers who spend short periods of time in the city and do not seek permanent housing. Applying what we know about migrant work and the development sector will help India to realise AHRC's potential.
- Jul 21, 2021 08:06 PM IST
Mishra said states have been asked to implement the Model Tenancy Act, which was passed by the Union Cabinet in June, at the earliest.
- Jun 21, 2021 04:32 PM IST
The impact of this Act may vary depending on the prevailing regulatory infrastructure around the rental market in every city
- Jun 16, 2021 10:07 AM IST
Given the experience faced by occupants of commercial and rental property following the COVID-19 outbreak, the definition of force majeure in the act should be broadened to specifically cover pandemics and make the law more purposeful for tenants, say experts
- Jun 11, 2021 04:11 PM IST
Indonesia has a rental yield of 8.5%, amongst the highest in the world followed by Cost Rica at around 7%. Ireland and Columbia command a rental yield of around 6% and Bulgaria is around 5%, the analysis said
- Jun 05, 2021 12:08 PM IST
If incentives are put in place, developers might gradually adopt the Build-to-Rent model. As the sector matures, institutional investors will also start funding multi-family projects aimed at millennial families
- Jun 04, 2021 09:24 AM IST
Retail real estate could see a similar kind of investment as in commercial leases, provided the laws are in place and rental yields are meaningful
- Jun 03, 2021 10:02 PM IST
The Union Cabinet has approved the Model Tenancy Act on June 2, 2021, with an aim to revamp the legal framework with regard to rental housing across the country. The act aims to overhaul the legal framework for house renting, open up the vacant housing stock for rental housing purposes, and help bridge the trust deficit that exists between tenants and landlords by clearly delineating their obligations. Karunya Rao decodes its impact on tenants as well as landlords.
- Jun 02, 2021 09:12 PM IST
Real estate experts say that the Act can fuel the rental housing supply pipeline by attracting more investors, and more rental housing stock will help students, working professionals and migrant populations to find urban accommodation, especially in COVID-19-like exigencies.
- Jun 02, 2021 02:43 PM IST
As per the memorandum of understanding signed between the states and union territories under PMAY-U, the states and union territories would legislate or amend the existing rental laws on the lines of the Model Tenancy Act
- Jan 12, 2021 12:24 PM IST
The ministry floated the draft model tenancy law in July 2019. It proposes to establish an independent authority in every state and Union Territory for registration of tenancy agreements and even a separate court to take up all tenancy-related disputes.
- Nov 26, 2020 01:43 PM IST
While draft proposals have been widely welcomed, their implementation will be so simple. The act will not be binding on the states, as land and urban development remain state subjects.
- Jun 23, 2020 09:26 PM IST
The government will also bring out detailed guidelines on Affordable Rental Housing Complexes (ARHC) for urban poor and migrants
- Aug 19, 2019 10:10 PM IST
Finance minister is contemplating to set up stress fund for various infrastructure sectors, including real estate and power, Mishra said at the 15th National Convention of NAREDCO - Housing for all 2022
- Jul 18, 2019 12:31 PM IST
While it still needs to be seen how the Act impacts the co-living and student housing space, the parity in the rent deposit structure may bring co-living and traditional leases in line with each other