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[부동산] 1109만 채에 가까운 빈 주택, 임대 주택 시장 제도화에 도움 될 것 Over 11.09 mn vacant houses across India have high potential for rental market: Report
[INDIA REAL ESTATE NEWS] Good morning, everyone.
I’m Shashi kant shukla staff of Kamagroup Pvt. Ltd. Here I have important
INDIA REAL ESTATE news to share with you which is as mentioned under.

MUMBAI: India has nearly 11.09 million vacant housing units in urban areas and legal
framework with proposed Model Tenancy Act is expected to help institutionalizing
the rental housing market that is so far remains unorganized.

Of the total vacant housing stock, around 78% or 8.64 million units are in 10 states
and Union Territories (UTs). Currently, there are 21.72 million urban rented households
in India, showed a Knight Frank India and Khaitan & Co report.

“The addition of over 223 million new urban residents to the cities by 2031 will not be
feasible if the rental housing market is not developed. However, in order to truly
institutionalise and revive the rental market more thought and debate is required to
evolve the Model Tenancy Act into a meaningful, holistic and comprehensive piece
of legislation,” said Shishir Baijal, Chairman and Managing Director of Knight Frank India.

“Limited policy relating to rental housing and existing legislations unfriendly to
landlords owners of premise have been a big deterrent for creation of rental housing
stock in the country. The MTA provides a much-needed independent mechanism
specially engineered to deal with issues pertaining to rental premises,” said Sudip Mullick,
Partner of Khaitan & Co.

Read more at : https://economictimes.indiatimes.com/wealth/real-estate/over-11-09-mn-vacant-houses-across-india-has-high-potential-for-rental-market-report/articleshow/71577308.cms
Kamagroup Pvt. Ltd.
New Delhi
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