Good for tenants and owners: Model Tenancy Act takes checks most boxes

Sitharaman had also highlighted that the current rental laws are archaic, as they do not address the relationship between the lessor and the lessee realistically and fairly

The real estate environment in India has been facing land market distortions, including inflexible zoning, rent control and protected tenancies for a large number of years. These were detrimental to the health of this market. The earlier Rent Control Act was an attempt by the government to eliminate the exploitation of tenants by landlords. However, in the long run, these archaic laws have gathered operational inefficiencies and have led to several adverse situations, including weakening investments in rental housing, deteriorating municipal property tax revenue, and so on. 

Given the acute housing shortage and to achieve the vision of “Housing for All