Model Tenancy Law opens up for NRI real estate investors
Real Estate

Model Tenancy Law opens up for NRI real estate investors

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

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

Next Story
Infrastructure Transport

Versova-Dahisar Coastal Road Project to Impact 1,200 Trees

The Versova-Dahisar Coastal Road Project in Mumbai will affect over 1,200 trees, according to the Brihanmumbai Municipal Corporation (BMC). Of these, 990 trees will be replanted, while the remaining will be cut down due to construction requirements. The project, which forms a key extension of the on-going Mumbai Coastal Road corridor, aims to ease traffic congestion in the western suburbs and enhance north-south connectivity along the city’s coastline. The BMC has assured that replantation efforts will be carried out in designated areas to maintain ecological balance and offset the environm..

Next Story
Infrastructure Transport

New Entry-Exit Planned on Vadodara–Mumbai Expressway near Ankleshwar

The Vadodara–Mumbai Expressway is set to get a new entry and exit point near Ankleshwar, aimed at improving regional connectivity and reducing travel time for commuters in south Gujarat. The new interchange, proposed by the National Highways Authority of India (NHAI), will offer smoother access to nearby industrial and residential areas. The project forms part of the Bharatmala Pariyojana initiative, designed to strengthen India’s expressway network and boost economic corridors. Once operational, the new interchange is expected to enhance logistics efficiency by offering improved freight..

Next Story
Infrastructure Transport

PMRDA Launches Rs 5,580 Mn Road Upgrade Plan to Ease Chakan Traffic

The Pune Metropolitan Region Development Authority (PMRDA) has launched Rs 5,580 million road infrastructure upgrade plan to address severe traffic congestion in the Chakan industrial region. The initiative aims to improve connectivity between Pune and major industrial hubs, including Talegaon, Moshi, and Alandi. Under the plan, PMRDA will widen existing roads, construct new link roads, and improve junctions across the Chakan–Talegaon and Moshi-Alandi corridors. These measures are expected to streamline the movement of goods and workers, benefiting the area are automotive and manufacturing ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?