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
Related News & Articles
Realty firm Godrej Properties on Friday launched a luxury housing project at iconic R K Studios’ land in Mumbai.
Recently posted . 563 views . 1 min read
"We plan to exit from Cent Bank Home Finance. The bank already provides housing loans, and so, we feel that there is no need to have a housing finance subsidia...
Recently posted . 607 views . 2 min read
To win back the confidence of real estate sector, the housing ministry has launched an online platform to facilitate homebuyers in selecting and purchasing genuine ...
Recently posted . 691 views . 3 min read
Trending News & Articles
Godrej Properties Ltd. (GPL) today announced that it has sold 340 homes with an area of more than half a million square feet on the first day of launch
Recently posted . 1K views . 1 min read
Ocean Infraheights unveils Golden I, a premier Mixed Use development in Greater Noida West, offering office spaces, Retail, Corporate Suites and residences with a...
Recently posted . 1K views . 3 min read
The Greater Noida Industrial Development Authority (GNIDA) has decided to re-launch the One Time Settlement Scheme (OTS) to settle land dues. Under the amnesty sche...
Recently posted . 1K views . 1 min read
We recently announced that Golden I will now be Managed and Operated by Ocean Infraheights Pvt. Ltd.,
Recently posted . 1K views . 0 min read
More in Real Estate
Realty firm Godrej Properties on Friday launched a luxury housing project at iconic R K Studios’ land in Mumbai.
Recently posted. 563 views . 1 min read
In the logjam between builders and homebuyers, the advocates of the Bar Association-run Legal Aid Cell will assist those in need of help.
Recently posted. 534 views . 0 min read
While the process of buying a home will remain the same as it was in 2019 or any year before, the right approach on your part, can help you to save money in 2020
Recently posted. 600 views . 1 min read
Recently posted . 731 views
Recently posted . 1K views
Recently posted . 1K views
While the Coronavirus could result in some delayed decision making, there should be no significant adverse impact on office absorption in 2020, says a report by Col...
Recently posted. 686 views . 1 min read
We examine the property rights of daughters, of daughters-in-law, abandoned first wife, second-wife, converts, adopted children, widows, mothers, etc., under the ...
Recently posted. 704 views . 1 min read