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.
- Feb 01, 2021 07:09 PM IST
A portal launch for migrant workers has also been proposed under Budget 2021 which will collect relevant information on gig, building and construction workers.
- Feb 01, 2021 02:09 PM IST
In order to promote supply of Affordable Rental Housing for the migrant workers, it is also proposed to allow a new tax exemption for the notified Affordable Rental Housing Projects
- Jan 28, 2020 01:17 PM IST
The Budget should review policies to benefit all stakeholders associated with rental housing and the framework must simplify the existing rental structures to promote overall growth.
- Oct 14, 2019 02:58 PM IST
Tamil Nadu has the highest percentage share of rented households in India, followed by Andhra Pradesh and Maharashtra, according to a new report.
- Jul 15, 2019 11:18 AM IST
While some realty firms plan to build student housing projects, others are testing waters by investing in co-living startups.
- Jul 05, 2019 11:55 AM IST
This could reduce reluctance to rent and enhance the supply of rental homes, making productive use of vacant houses
- Jun 28, 2019 02:35 PM IST
The co-living market is expected to offer a business opportunity of Rs one trillion by 2023.
- May 09, 2017 02:00 PM IST
The Goods and Services Tax (GST) is, beyond doubt, the most revolutionary tax-related reform to be seen in India in several decades. It will eliminate the conflicting and cascading taxation structures, which have confounded R
- Apr 01, 2017 08:00 AM IST
The rental housing market has many options, available at various rates. Consequently, it may be difficult for a prospective tenant to figure out how much to spend as rent. The answer to this, depends R
- Feb 22, 2017 04:00 PM IST
Chennai has grown exponentially in recent decades. It attracts an endless sea of people who keep moving in to the city, primarily for career and educational prospects. Employment and education opportunities and lifestyle prospects, R
- Jan 30, 2017 08:00 AM IST
Right before Union Budget 2017-18, the issue of budget or affordable housing, is once again in the spotlight. As the central government reiterates its commitment towards â€˜Housing for All‘, this aim cannot be fulfilled R
- Jan 18, 2017 01:00 AM IST
The Indian home buyers are quite convinced that whatever incentives are given to them in the union budget, will never reach them. The reason: Investors and middlemen in the Indian housing market, will absorb R
- Dec 22, 2016 08:00 AM IST
People often do not recognise the difference between residential and commercial properties, while making an investment and therefore, tend to focus on just one type. The leasing businesses in the residential and commercial segments, R
- Nov 04, 2016 12:21 PM IST
Urbanisation in India, is increasing at a rapid pace. It is estimated that by 2030, over 40% of Indians will live in cities, accounting for a population of 600 million people. Consequently, it is R
- Oct 13, 2016 11:20 AM IST
Pramod Varshney shifted to a rented 2-BHK flat in Noida‘s Sector 137, a couple of years back, at a rental of Rs 13,500 per month. The lease agreement specified a 10% hike in rentals, R
- Apr 06, 2016 07:27 PM IST
With more families able to depend on rental properties, the city‘s housing market as a whole gets more standardized.
- Mar 15, 2016 08:32 PM IST
The government today said it will
come out with a modern tenancy law to promote rental housing
in urban areas after taking into account the contemporary
requirements of the tenants.
- Dec 02, 2015 04:33 PM IST
Rental housing appears to be a step in the right direction. However, more work needs to be done to see some meaningful improvement in housing sector.