Model Tenancy Act to make an effective rental market place in India

29 Jun 2021 CW Team

As per a joint report by Knight Frank India and legal firm Khaitan & Co, about 76.5% or 16.63 million of these urban rented households in India are spread across eight states and Union Territories (UT).

The high percentage share of the total rented households in urban India can be attributed mainly to key urban employment hubs in Chennai, Hyderabad, Mumbai, Bengaluru, Kolkata, Ahmedabad, National Capital Region (NCR), and Pune.

In June 2021, the Union Cabinet approved the Model Tenancy Act, 2021, for circulation to all states and UTs for adoption through enacting new legislation or amending the existing rentals laws.

The recently approved Model Tenancy Act, 2021 aims to create an effective regulatory ecosystem in India to govern landlord-tenant relationships. The act deals with both residential and commercial property.

Despite many states adopting the Rent Control Act in the past, there was a necessity for a dispute resolution mechanism as tenancy laws in India are popularly perceived as pro-tenant.

The absence of a regulatory framework to demarcate the rights and obligations of both parties has always ended in long-drawn legal battles.

Chairman and Managing Director of Knight Frank India, Shishir Baijal told the media that the populations in the top eight cities live in informal rental housing accommodation, concerning the new act, will provide a huge opportunity for private housing operators and institutional investors in the organized rental housing market.

Image Source

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

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

The recently approved Model Tenancy Act, 2021 is expected to create an effective rental marketplace in India, and urban India’s 21.72 million rented households provide an enormous market alternative for market members to concentrate on housing initiatives solely for rental functions. As per a joint report by Knight Frank India and legal firm Khaitan & Co, about 76.5% or 16.63 million of these urban rented households in India are spread across eight states and Union Territories (UT). The high percentage share of the total rented households in urban India can be attributed mainly to key urban employment hubs in Chennai, Hyderabad, Mumbai, Bengaluru, Kolkata, Ahmedabad, National Capital Region (NCR), and Pune. In June 2021, the Union Cabinet approved the Model Tenancy Act, 2021, for circulation to all states and UTs for adoption through enacting new legislation or amending the existing rentals laws. The recently approved Model Tenancy Act, 2021 aims to create an effective regulatory ecosystem in India to govern landlord-tenant relationships. The act deals with both residential and commercial property. Despite many states adopting the Rent Control Act in the past, there was a necessity for a dispute resolution mechanism as tenancy laws in India are popularly perceived as pro-tenant. The absence of a regulatory framework to demarcate the rights and obligations of both parties has always ended in long-drawn legal battles. Chairman and Managing Director of Knight Frank India, Shishir Baijal told the media that the populations in the top eight cities live in informal rental housing accommodation, concerning the new act, will provide a huge opportunity for private housing operators and institutional investors in the organized rental housing market. Image Source Also read: Model Tenancy Law opens up for NRI real estate investors Also read: Approval of Model Tenancy Act allows to fill up 10 mn vacant homes

Infrastructure Transport

12 Mar 2026

Kavach 4.0 Commissioned on Delhi–Mumbai and Delhi–Howrah

"Kavach version four has been commissioned on 1,452 route km, covering the high density Delhi–Mumbai and Delhi–Howrah corridors. The rollout included laying 8,570 km of optical fibre, installation of 1,100 telecom towers, deployment of trackside equipment over 6,776 RKm and establishment of 767 station data centres. Trackside implementation has been taken up on 24,427 RKm covering Golden Quadrilateral, Golden Diagonal and High Density Network sections. The programme aims to strengthen signalling and train protection on key routes.Kavach is an indigenously developed automatic train protecti..

Infrastructure Transport

12 Mar 2026

Railways Advance Kalyan–Murbad Line And Mumbai Capacity Expansion

"Indian Railways is advancing multiple rail infrastructure projects in Maharashtra, including the sanctioned Kalyan–Murbad new line and sizable investments under the Mumbai Urban Transport Project and the Mumbai–Ahmedabad High Speed Rail project. The Kalyan–Murbad 28 km new line has been sanctioned at Rs 8.36 billion (bn) on a 50:50 cost-sharing basis with the Government of Maharashtra and has been declared a Special Railway Project for land acquisition; proposals covering 214 hectares are at various stages of acquisition. Budgetary outlay for projects falling fully or partly in Maharash..

Infrastructure Urban

12 Mar 2026

Parliamentary Panel Flags Funding Gaps in Heavy Industries

"The Department-Related Parliamentary Standing Committee on Industry (Rajya Sabha) presented its 332nd report on the Demands for Grants 2026-27 of the Ministry of Heavy Industries (MHI). Figures converted from crore and lakh are expressed in million (mn). The Budget Estimates 2026-27 for the Ministry stand at Rs 79,399 mn against a projected requirement of Rs 94,843.2 mn, a shortfall of about 16 per cent, with revenue at Rs 79,370.8 mn and capital compressed to Rs 28.2 mn from Rs 5,020 mn.The committee flagged recurring BE-to-RE compression and declining revised estimate utilisation, and calle..