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 . 612 views . 3 min read
Realty firm Godrej Properties on Friday launched a luxury housing project at iconic R K Studios’ land in Mumbai.
Recently posted . 467 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 . 495 views . 2 min read
Trending News & Articles
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
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
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 . 995 views . 0 min read
More in Real Estate
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 app will help buyers to identify their preferred projects and contact developers directly. The app was launched by Minister of Transport, Housing and Environmen...
Recently posted. 509 views . 1 min read
According to the Knight Frank report, around 57% of the newly launched units in 2019 were concentrated in Gurugram and Greater Noida. Gurugram accounted for the big...
Recently posted. 515 views . 1 min read
Recently posted . 615 views
Recently posted . 1K views
Recently posted . 2K views
A parking lot for 7,000 cars, a hospital and a flyover are among 23 development projects worth Rs 2,821 crores that were unveiled for Noida on March 2, 2020
Recently posted. 606 views . 1 min read
Realty firm Godrej Properties on Friday launched a luxury housing project at iconic R K Studios’ land in Mumbai.
Recently posted. 467 views . 1 min read