Approval of Model Tenancy Act allows to fill up 10 mn vacant homes

03 Jun 2021 CW Team

Around 10 million vacant homes are set to find takers as the union cabinet has approved the Model Tenancy Act to support the interest of tenants and homeowners.

The government told the media the act, which is currently open for enactment by states and union territories, will encourage homeowners who were suspicious of renting out their houses under the previous tenancy and rent control laws.

Under the new act, without any written agreement renting out any property in rural or urban areas is illegal. It will help formalise the dark market of rental properties, unlock empty houses, increase rental yields, and decrease procedural obstacles in registration.

Though it restricts the removal of tenants during the tenancy term, the act needs tenants to proceed to pay the rent even during the pendency of a conflict with the landlord.

In circumstances of force majeure, the landlord shall permit the tenant to continue in possession for one month from the date of cessation on terms of the existing agreement.

According to the estimates by the Ministry of Housing and Urban Affairs (MoHUA), currently, about 11 million houses are vacant in urban areas because the landlords are unwilling to let these properties due to the lack of security measures in the existing tenancy and rent control laws.

The new act will bring sufficient security for owners that will encourage them to rent out these properties.

While welcoming the act, Anuj Puri, chairman, Anarock Consultants, said it would help connect the trust among the landlords and tenants.

As per him, more rental housing will assist students, working professionals, and migrant populations to find urban accommodation, especially in situations like the Covid-19 pandemic.

Image Source

Also read: Model Tenancy Act approved: Here’s what the industry thinks

Also read: Sales of three-BHKs increased 19% in seven cities: PropEquity report

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..