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
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 . 1K views . 3 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 . 1K views . 2 min read
Realty firm Godrej Properties on Friday launched a luxury housing project at iconic R K Studios’ land in Mumbai.
Recently posted . 1K views . 1 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 . 3K views . 1 min read
An intestate death often causes chaos with family often ending up fighting to get property. The succession act was created to resolve the impending chaos when a per...
Recently posted . 3K views . 2 min read
The unprecedented crisis put across by the COVID-19 outbreak has impacted the residential real estate significantly. Here are a few notable trends that are likely t...
Recently posted . 3K views . 1 min read
If you think Wills are only for the rich, you are absolutely wrong. A Will is an essential part of any estate plan. It is the primary document for transferring your...
Recently posted . 2K views . 5 min read
More in Real Estate
Let’s admit it – the terms and jargon thrown at us by agents and realtors have us staring at them cluelessly most of the time. While buying a house, ter...
Recently posted. 1K views . 3 min read
Office spaces are gradually transforming from mere physical spaces for the workforce and assets, to spaces that are dynamic and act as enablers for an organisation&...
Recently posted. 665 views . 1 min read
The unprecedented crisis put across by the COVID-19 outbreak has impacted the residential real estate significantly. Here are a few notable trends that are likely t...
Recently posted. 3K views . 1 min read
Recently posted . 3K views
Recently posted . 2K views
Recently posted . 2K views
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 sys...
Recently posted. 1K views . 1 min read
The Public Works Department of the Delhi government has recently communicated to its senior officials concerned, including executive engineers and assistant enginee...
Recently posted. 636 views . 1 min read