Udayavni Special

Union Cabinet approves Model Tenancy Act


PTI, Jun 2, 2021, 3:36 PM IST

New Delhi: The Union Cabinet on Wednesday approved the Model Tenancy Act, a move that will help overhaul the legal framework with respect to rental housing across the country.

In a statement, the government said that it is expected to give a fillip to private participation in rental housing as a business model for addressing the huge housing shortage.

”The Union Cabinet, chaired by Prime Minister Shri Narendra Modi, has approved the Model Tenancy Act for circulation to all States/Union Territories for adaptation by way of enacting fresh legislation or amending existing rental laws suitably,” the statement stated.

The Act will enable institutionalisation of rental housing by gradually shifting it towards the formal market, the government said.

”The Model Tenancy Act aims at creating a vibrant, sustainable and inclusive rental housing market in the country. It will enable the creation of adequate rental housing stock for all the income groups thereby addressing the issue of homelessness,” it stated.

The Act will facilitate the unlocking of vacant houses for rental housing purposes, it said, adding that it is expected to give a fillip to private participation in rental housing as a business model for addressing the huge housing shortage.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Days after user insults Tulunadu flag; ‘Tweet Tulunad’ campaign gets overwhelming response

Delhi unlock: Restaurants to reopen with 50 pc capacity; malls, markets to open daily, says Kejriwal

Swab stick breaks, gets stuck in village sarpanch’s nose in Telangana

Bengaluru: Health worker caught stealing leftover vaccines, charges for shots

‘Bring back Rohini Sindhuri’: Online campaign receives overwhelming response

Crowd-funding helps Hyderabad kid with rare disorder get world’s costliest injection worth Rs 16 crore

US flight diverted after man threatens to ‘take plane down’



Related Articles More

No plans to get into vaccine production as it requires separate manufacturing infra: Sun Pharma

Children orphaned in pandemic stare at uncertain future, scramble for aid

Delhi unlock: Restaurants to reopen with 50 pc capacity; malls, markets to open daily, says Kejriwal

Patna: Cricket ball-sized Black Fungus removed from sr citizen’s brain

Swab stick breaks, gets stuck in village sarpanch’s nose in Telangana

MUST WATCH

Covid Protocols broken for marriage in Vijayapura

Cheetah in Kaiwara Hill

Karwar: Youths carry elderly woman for 5 km downhill to reach hospital

Udayavani News Bulletin 12-06-2021

Man marries 37th time in front of 28 wives

Latest Additions

Days after user insults Tulunadu flag; ‘Tweet Tulunad’ campaign gets overwhelming response

Himesh Reshammiya drops title track for new album Surroor 2021, netizens react

Diver survives after being swallowed by a whale

No plans to get into vaccine production as it requires separate manufacturing infra: Sun Pharma

Bengaluru: Hospital staff steals gold chain, mobile phone of 85-yr-old who died of COVID-19

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.