Centre to come up with new rental policy very soon Housing Minister
Thursday, March 5, 2020 IST
Union Minister, Hardeep Singh Puri said that a lot of people do not want to give their properties on rent because they think that "if you have a weak legal system, you might not get your property back" and hoped that the new policy will overcome this.
NEW DELHI: Union Minister Hardeep Singh Puri on Thursday said the ministry of housing and urban affairs (MoHUA) will soon come out with a rental policy. The policy would help alleviate housing shortage in urban areas by encouraging renting of homes as millions of houses lie vacant across the country.
"Very soon you will see a rental policy out," he said here at a function.
The minister said that a lot of people do not want to give their
properties on rent because they think that "if you have a weak legal system, you might not get your property back".
He expressed hope that the new policy will overcome this concern.
"You have got the template etc (of the policy). States can tweak it to the extent they like. You will have a situation where large amounts of residential accommodation which is not being utilised will then be released into the market," the minister, who holds the independent charge of housing and urban affairs ministries and civil aviation, said.
Related Topics
Trending News & Articles
Lung cancer is usually not noticeable during the early stages. Most people are diagnosed when the disease is at an advanced stage. According to Cancer.org, it is ...
Recently posted . 9K views . 2 min read
The health benefits of wood apple include [1] relief from constipation, indigestion, peptic ulcer, piles, respiratory problems, diarrhea, and dysentery. It also b...
Recently posted . 6K views . 2 min read
The scientists likewise shared how much liquor an individual can drink prior to facing overabundance risk challenges their wellbeing, contrasted with somebody who...
Recently posted . 6K views . 1 min read
Bael, also known as the “Wood Apple”, is a species native to India. The bael tree is considered to be sacred to the Hindus. A famous drink known as sh...
Recently posted . 6K views . 2 min read
More in Real Estate
Poha, a popular Indian breakfast made with beaten rice, has variations in different parts of the country. In Uttar Pradesh and some parts of Rajasthan, poha is se...
Recently posted. 1K views . 2 min read
Few tips to increase immunity & to be safe from virus ...
Recently posted. 1K views . 0 min read
People with this blood type played important roles in any society, from ancient times even to this day. Blood type 0 is the primal blood type of our ancestors who...
Recently posted. 1K views . 2 min read
Recently posted . 1K views
Recently posted . 440 views
Recently posted . 2K views
Recently posted . 2K views
Recently posted . 2K views . 94 min read
Recently posted . 2K views . 45 min read
Gingko Biloba also called the ‘maidenhair tree,’ is an ancient tree native to China. Gingko Biloba is the last remaining species of the Ginkgophyte fa...
Recently posted. 1K views . 1 min read
While incense sticks are considered holy with a purifying effect in the Indian culture, the smoke released by them can pose some risks to our health.
...
Recently posted. 1K views . 1 min read