Revised Rent Law to Address Landlord Concerns

Posted on October 4, 2007

Filed Under India Property News, India Property Residential | 0 comments

Government of India is planning on bringing modified rent control norms in favor of the landlords to address their following concerns:

The new model will set a “standard rate” which would be the floor rate for a particular area.

The central government has instructed the state government of Karnataka, Maharashtra, Andhra Pradesh, Kerala and Delhi to put in place the new model.

Source (Economic Times)

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