+
 Assam adopts Model Tenancy Act for development of rental housing
Real Estate

Assam adopts Model Tenancy Act for development of rental housing

On Saturday, the secretary of Housing and Urban Affairs, Durga Shanker Mishra, told the media that Assam had become the first state in India to adopt the Model Tenancy Act.

In June, the Ministry, chaired by PM Narendra Modi had approved the Model Tenancy Act for all states and Union Territories (UTs) as a way of enacting new legislation or amending the existing rental laws.

Mishra tweets that with the new Act, the Assam Urban Areas Rent Control Act 1972, gets replaced. The new Act will ensure the growth and development of a transparent and accountable rental market, balancing the interests of the tenants and landlords. It will provide an ecosystem for the quick resolution of disputes.

It will help to unlock vacant houses for rental housing purposes. It will fulfil the private participation in rental housing to check the huge shortage of housing.

According to the Census 2011, over one crore houses were vacant in urban areas in India. The existing laws of rent control are preventing the growth of rental housing and discouraging the owners from renting out their houses because of the fear of not getting them back.

Rentals are preferred for the different sections of society, including migrants, laborers, students, and young workers.

For speedy redressal of disputes, the Act will establish a separate Rent Court and Rent Tribunal in all states and UTs for matters related to rental housing.

The Act can promote the rental housing supply pipeline by attracting more investors and rental housing stocks, which will help students, workers, and migrants to find urban accommodation.

It will promote growth and investment in rental housing. It will also promote entrepreneurship and innovation for the sharing of spaces. The Act will attract more investments and entrepreneurship in rental housing, thus boosting the growth in real estate, cement and steel industry and the overall economy.

Image Source


Also read: Assam govt introduces Assam Tenancy Bill 2021

Also read: Model Tenancy Law opens up for NRI real estate investors

On Saturday, the secretary of Housing and Urban Affairs, Durga Shanker Mishra, told the media that Assam had become the first state in India to adopt the Model Tenancy Act. In June, the Ministry, chaired by PM Narendra Modi had approved the Model Tenancy Act for all states and Union Territories (UTs) as a way of enacting new legislation or amending the existing rental laws. Mishra tweets that with the new Act, the Assam Urban Areas Rent Control Act 1972, gets replaced. The new Act will ensure the growth and development of a transparent and accountable rental market, balancing the interests of the tenants and landlords. It will provide an ecosystem for the quick resolution of disputes. It will help to unlock vacant houses for rental housing purposes. It will fulfil the private participation in rental housing to check the huge shortage of housing. According to the Census 2011, over one crore houses were vacant in urban areas in India. The existing laws of rent control are preventing the growth of rental housing and discouraging the owners from renting out their houses because of the fear of not getting them back. Rentals are preferred for the different sections of society, including migrants, laborers, students, and young workers. For speedy redressal of disputes, the Act will establish a separate Rent Court and Rent Tribunal in all states and UTs for matters related to rental housing. The Act can promote the rental housing supply pipeline by attracting more investors and rental housing stocks, which will help students, workers, and migrants to find urban accommodation. It will promote growth and investment in rental housing. It will also promote entrepreneurship and innovation for the sharing of spaces. The Act will attract more investments and entrepreneurship in rental housing, thus boosting the growth in real estate, cement and steel industry and the overall economy. Image Source Also read: Assam govt introduces Assam Tenancy Bill 2021 Also read: Model Tenancy Law opens up for NRI real estate investors

Next Story
Technology

Six ways a smarter workflow leads to faster, more accurate bids

In today’s fast-paced civil construction environment, estimators need more than just solid numbers. They need smart, streamlined processes. This article explores six key ways connected workflows can transform the estimated approach, help in minimising risk, move faster, and improve accuracy. By integrating tools, data, and teams, one can produce stronger bids with less rework, fewer surprises, and more confidence. As an estimator, the job goes beyond producing numbers. They are responsible for delivering bids that are fast, accurate, and built to win. In today’s civil construction ind..

Next Story
Real Estate

Experion Launches Women-Only Co-Living Project in Greater Noida

Experion, part of Singapore-based AT Capital Group, has launched its first co-living space under its managed rental housing brand, VLIV, in Greater Noida. The all-women residence features 730 twin-sharing beds with a strong focus on safety, comfort, and well-being. VLIV has committed a $300 million investment to create a structured, service-led rental housing ecosystem in India. The brand aims to scale up to 20,000 beds in the next few years, with a long-term target of 100,000 beds nationwide. “India’s rental housing is fragmented. VLIV is our way of building long-term, dependabl..

Next Story
Infrastructure Urban

Officine Maccaferri Acquires CPT to Bolster Tunnelling Tech

Ambienta’s platform company, Officine Maccaferri S.p.A., has acquired CPT Group, a leading Italian developer of robotic prefabrication systems and digital control technologies for mechanised tunnelling. The move positions Maccaferri as a global player in integrated tunnelling solutions, blending traditional and advanced mechanised systems. Based in Nova Milanese, CPT serves major global contractors across Europe, Southeast Asia, and Australia. The company offers robotic prefabrication (Robofactory), productivity-monitoring software for Tunnel Boring Machines (TBMs), and eco-designed spa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?