Regulatory updates on rental housing?

Q: What are the latest regulations concerning the rental housing market in India? Any views on it will be highly appreciated?

Shweta Salunkhe, Pune

3rd September 2018

Rentals in Hadapsar, Pune

rental accommodation

properties for rent in hadapsar

real estate market in hadapsar

rental act

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Replies (2)

I agreed with Hamsika Iyer. Unlike the real estate law, which is gradually gaining ground and most homebuyers today are aware of their rights, most tenants are not aware of the state-specific tenant protection law. They choose to accept that the landlord holds the supreme power.

anand modak, Pune

10th September 2018

Comment

Hi Shweta,
There is a lack of uniformity when it comes to leasing in India especially because various states have their own processes in place. The landlord enjoys the power of position and this often leads to the tenant being treating as an underling. This could lead to tenant eviction despite agreements.

Abhijit Pawar, Pune

10th September 2018

Comment

The rental housing market has evolved over the years, with new legislation and registration procedures that help to protect landlords against the potential risk of tenants violating terms and conditions of the rental agreement. The first step for landlord, is to identify the prevailing rental rates in the micro-market where the property is located. Landlords should also have all the necessary documents in place, to ensure that their property remains in safe hands.

Hamsika Iyer, Pune

10th September 2018