Page 3 - Rental House

Online searches on Magicbricks portal for rental housing up 16% in Jan-Mar

The pan-India rental rates witnessed a growth of 4 per cent QoQ, displaying improved strength of the rental housing market in the country.

What is the Model Tenancy Act?

The government had cleared the Model Tenancy Act (MTA) last year to regulate the rental market and unleash the potential in the real estate sector. Our next report tells more about this new Act

DLF reports Q1 PAT of Rs 337 crore versus Rs 72 cr loss a year ago

At the end of June, its net debt shrank to Rs 4,745 crore from Rs 5,267 crore in March-end

Model Tenancy Act to create level-playing field between landlord and tenant

By giving landlords the confidence to rent their properties, it will augment supply, providing tenants with more choices

10 mn vacant homes may find takers as Cabinet approves Model Tenancy Act

New law makes renting out urban or rural property without a written agreement illegal, seeks to balance the interest of homeowners and tenants

Govt approves Model Tenancy Act; to help overhaul legal framework

The Union Cabinet approved the Model Tenancy Act under which separate rent authorities, courts and tribunals will be set up in districts to protect the interest of both the owner and tenant.

Govt approves Model Tenancy Act to unlock vacant houses for rental purposes

The Act proposes to establish an independent authority in every state and UT for registration of tenancy agreements and even a separate court to take up tenancy related disputes.

80% of high street retail mkts saw dip in rent in 2020, Khan mkt down 14%

Delhi's upscale Khan Market has witnessed 14 per cent decline in rental during the last year amid the COVID-19 pandemic and is ranked 21st in the most expensive high street retail location in Asia Pacific region, according to Cushman & Wakefield. Around 80 per cent of Indian high street retail markets experienced declines in rent during this period, the property consultant said in its latest Main Streets report. The top three most expensive cities for retail remain as Hong Kong, Tokyo and Sydney. Regionally, among the worst-impacted was Hong Kong's premier shopping district of Causeway Bay, which saw a 43 per cent fall in rent to HK$ 870 per sq ft per month. "Among Indian high streets, Khan Market saw a 14% decline in 2020 and slipped out of the top 20 most expensive markets in the APAC region," the consultant said. Khan Market continues to be the most expensive retail market in India with a rent of USD 195 per sq ft, followed by Connaught Place in the national capital. Cushman .

UP Cabinet approves ordinance to regulate rent and tenancy agreements

The Uttar Pradesh cabinet has approved the decision to bring in the Uttar Pradesh Regulation of Urban Premises Tenancy (second) Ordinance 2021

Home rental firm Airbnb aims for up to $35 billion valuation in IPO

Airbnb plans to list on the Nasdaq under the symbol ABNB

Unable to pay rent amid lockdown? Here are steps to tide over woes

Negotiate or request your landlord to adjust rent against security deposit, if it is sizeable

DLF's inventory sales key to gains, firm to breach FY20 sales guidance

Sales momentum should help the company double its quarterly cash flows from the residential business over the next two quarters, as compared to the run rate it was achieving in the past

Centre's draft Model Tenancy Act aims to bridge demand-supply gap

The proposed reforms could bring in much-desired relief to tenants and home owners alike

Draft tenancy law: Cap on security deposit, fine on overstaying tenant

Tenants who overstay in premises beyond their agreement would end up paying two times the rent for the first two months and four times afterwards

New-age solutions for young workers seeking a rental house in a new city

Young graduates moving to new cities for their first jobs should consider alternatives like co-living spaces to avoid the pitfalls of the traditional rental housing market