Model Tenancy Law opens up for NRI real estate investors

09 Jun 2021 CW Team

The approval of the Model Tenancy Act by the central cabinet has been hailed as a landmark in the Indian real estate sector. In one of the most significant developments for residential real estate investors, no one will be allowed to enter into a rental situation without a written agreement, aimed at increasing the confidence of landlords to rent out their vacant properties.

This law will serve as a boost for NRI investments in real estate. It comes as a guarantee for NRI investors as tenants of their properties are bound by legal terms. Furthermore, the act defines the term within which rental disputes will be resolved.

The law also provides a digital platform where the tenancy agreements must be submitted to the rent authority in the future.

Digital infrastructure is more convenient and transparent for NRI landlords. With this law, there is now a clear demarcation of responsibilities between a tenant and landlord.

With the implementation of the Model Tenancy Act, prices of ready-to-move-in properties (RTMI ) are expected to increase.

NRIs have always shown a strong interest in investing in Indian real estate. It is the perfect time for NRIs to invest in Indian real estate for sustained rental income as the regulatory framework for rental homes has now been strengthened and more transparent.

Image Source

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

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

Products

06 Oct 2025

TOTO India Launches Premium G & L Showers with Sleek Faucet Range

TOTO India has launched its G Shower and L Shower series, alongside an expanded range of GT, LH, and Pull-Out lavatory faucets. The collection blends advanced technology, refined aesthetics, and everyday comfort, staying true to TOTO’s philosophy of creating spaces that are both beautiful and functional. The G Shower series delivers the 3Rs of showering: Relaxing, Refreshing, and Revitalizing. Features include the Calming Shawl spray mode, Warm Spa technology, and multiple overhead and hand-shower options across eight finishes. The L Shower complements this with easy-to-use controls sui..

Hero Future Energies Secures Funding for 120 MW Hybrid Project

Hero Future Energies (HFE), through its SPV Clean Renewable Energy Hybrid Three, has secured Rs 19.08 billion in funding from the State Bank of India (lead) and Canara Bank. The funds will be used to develop and construct HFE’s 120 MW renewable energy hybrid project at Kurnool, Andhra Pradesh. The project, contracted with SJVN, integrates wind, solar, and storage technologies to deliver reliable peak power. With a 21-year repayment period, the funding ensures timely execution and the commencement of commercial operations. The financial closure demonstrates continued lender confidence in..

IOC GPS Renewables Raises Rs 8.36 billion Debt for Compressed Biogas Plants

IOC GPS Renewables Private Limited (IGRPL), a joint venture between IndianOil Corporation and GPS Renewables, has raised Rs 8.36 billion (approx. US$ 95 million) in debt financing from Indian Bank to execute nine Compressed Biogas (CBG) projects across India. The funding is the largest single-bank debt raise in the CBG sector and the first fully non-recourse financing in India for these projects. The plants—four in Haryana, three in Uttar Pradesh, one each in Chhattisgarh and Andhra Pradesh—will each produce 15 tonnes of CBG per day using paddy straw as feedstock. All nin..