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Model Tenancy Act to catalyse growth of India’s residential rental segment: CBRE
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financialexpress.comA shift in demographics, socio-economic trends and consumer needs, in addition to an acute housing shortage, are expected to drive the demand for the rental housing in urban locations over the next few years. The Affordable Rental Housing Complex (ARHC) scheme and passage of the Model Tenancy Act, 2021 (MTA) are the first few steps towards formalizing this segment, demand for which is expected to grow exponentially over the next few years, according to a recent report by CBRE South Asia Pvt Ltd.
The report, ‘Advent of Rental Housing in India’, shares insights on the potential of rental housing in India. It further delves into the need for rental housing in India and the past policy initiatives taken to streamline the segment. Over the past
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