An Insight into the Legal Rights of a Tenant

Landlords and tenants need not be afraid anymore because both parties will be safeguarded by the new bold tenancy law drafted by the Union Government. The housing and urban poverty has readied the draft of the Model Tenancy Bill, 2015, doing away with some archaic rules that govern this sector. It proposes an independent authority for registration of all tenancy agreements and a separate court for dissolving disputes.

An Insight into the Legal Rights of a Tenant

An Insight into the Legal Rights of a Tenant

This is a major problem in this country where a large number of rent-related litigations are pending in the courts. Realty experts say that this move will encourage rental housing, a key component of the NDA government’s flagship scheme ‘Housing for all by 2022’. Currently all states have their own laws which have become archaic, the landlord is scared that the tenant won’t vacate and the tenant has problems with rent hikes or eviction. [Read more…]

How ‘Housing For All’ Can Be a Game Changer for the Indian Realty Sector

The ‘Housing for All’ by 2022 initiative is a potential game changer. Economic recovery is expected to gain momentum, driving the demand for affordable housing. The housing sector in India holds tremendous potential to have a positive effect on the economic and social development of the country. The realty sector will benefit because of a number of incentives like subsidized land, higher Floor Space Index, timely approvals, concessions and tax exemptions, funding to name a few are necessary to aid development of housing projects.

How ‘Housing For All’ Can Be a Game Changer for the Indian Realty Sector

How ‘Housing For All’ Can Be a Game Changer for the Indian Realty Sector

The growth of the housing sector has had a multiplier effect on the Indian economy and has been a big driver for economic growth. The housing sector generates direct mass employment for unskilled, semiskilled and skilled laborers as well as many white collared workers, indirectly also many more jobs are created. The governments at both the state levels and the center have a crucial role to play in giving a boost to the realty sector and hence a boost to the Indian economy. [Read more…]