With overall rental yields from residential real estate being low nationally, the increase in the TDS threshold is expected to primarily benefit landlords and tenants in the metros and large cities.
Driven by post-pandemic demand, redevelopment projects and the increasing influence of brokers, Mumbai’s suburban rents have surged by over 30% in the past two years, leaving tenants grappling with rising costs and uncertain housing arrangements. Maharashtra is yet to adopt the Model Tenancy Act, passed by the central government in 2021.
Kots offers landlords nine-year assured rental for customised buildings. For a landlord who invests Rs 50 lakh per apartment, with a 6 percent rental yield and 4 percent annual hike, and a compounded annual growth rate of 11 percent in asset value, the return on investment after 10 years can be 2.5 or 3x
A woman named Sandra has put out a small tent on the balcony of her home in Zurich up for rent for 400 pounds per month.
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.
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.
A portal launch for migrant workers has also been proposed under Budget 2021 which will collect relevant information on gig, building and construction workers.
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
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.
Tamil Nadu has the highest percentage share of rented households in India, followed by Andhra Pradesh and Maharashtra, according to a new report.
While some realty firms plan to build student housing projects, others are testing waters by investing in co-living startups.
This could reduce reluctance to rent and enhance the supply of rental homes, making productive use of vacant houses
The co-living market is expected to offer a business opportunity of Rs one trillion by 2023.
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
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
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
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 ‘Housing for All‘, this aim cannot be fulfilled R
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
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
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
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
With more families able to depend on rental properties, the city‘s housing market as a whole gets more standardized.
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.
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.