According to Magicbricks Rental Index, average rental rates rose 17.1% year-on-year in Q2 across 13 major cities. But experts say housing market may be stabilising post-COVID.
The housing & urban affairs ministry, which released the PMAY-U 2.0 guidelines this month, has imposed strict deadlines for states/UTs to implement about 15 urban reforms by June 2025.
The Affordable Rental Housing Complexes (ARHC) scheme aimed to convert 83,534 flats into rental units for urban poor and migrants. It has met only a fraction of this target since 2020.
As companies call back employees to work post pandemic, rent up by 15-20 per cent as against pre-pandemic levels & as high as 30 per cent in some residential localities.
Cases like Najma vs Govt. of NCT Of Delhi at the Delhi High Court make it quite clear that housing and social protection policies need urgent intervention.
From Munir’s point of view, a few bumps here and there is par for the course. He isn’t going to drive his dumper truck to its doom. He wants to use it as a weapon.
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