With a total of 47 sections and two schedules, the Model Tenancy Act proposes completely overhauling the legal framework of rental housing across the country.
If the housing sector is properly managed, it could become the bedrock of the economy — driving not just finance but demand for a range of products and services.
Act proposes rent & duration of tenancy will be fixed by mutual consent between owner, tenant through written agreement. Model law, though, is not binding on states.
The move will likely bring down development costs for builders and result in lower home prices for buyers in addition to boosting stocks of realty developers.
New measures include Atmanirbhar Bharat Rozgar Yojana and tripling allocation for PM’s housing scheme. India’s overall Covid economic package is Rs 30 lakh cr.
Covid management is near collapse in most residential societies. With Mamata Banerjee govt washing its hands off, things can only get worse in the festive season.
Giving rural migrants an incentive to return to cities is crucial to restoring economic activity to pre-Covid levels. Low-cost housing is a good starting point.
Existing vacant houses under UPA-era schemes to be utilised. About 3 lakh migrants to benefit initially, with monthly rent varying between Rs 1,000 and Rs 3,000.
For all its obvious blemishes, capitalism alone holds out the most creative and dynamic force that any civilization has ever discovered, wrote BP Godrej in 1980.
SEBI probe concluded that purported loans and fund transfers were paid back in full and did not amount to deceptive market practices or unreported related party transactions.
This is the first major attack on central security forces since last November, when a CRPF jawan was killed and four were injured in an ambush in Jiribam on Manipur-Assam border.
Many really smart people now share the position that playing cricket with Pakistan is politically, strategically and morally wrong. It is just a poor appreciation of competitive sport.
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