Changes proposed in Model Rent Control Act

Land™ and ˜Ã‡olonisation™ are State subjects and the issue of Rent Control falls within the relm of State functions. Rent control reforms were a part of optional reforms under JNNURM. The Ministry of Housing & Urban Poverty Alleviation has circulated a draft Model Rent Control Act for ascertaining the views and comments of States and Union Territories. According infrastructure status to ˜Affordable Housing™ has been taken up separately by this Ministry with the Ministry of Finance. This was stated by Shri Ajay Maken, Union Minister of Housing & Urban Poverty Alleviation (HUPA), in the Rajya Sabha today, in a written reply to a question by Dr. Pradeep Kumar Balmuchu.

The Minister further stated that the Ministry of Housing & Urban Poverty Alleviation has set up a Task Force on Rental Housing under the Chairmanship of ShriJaithirthRao, Chairman of Value and Budget Housing Corporation Private Limited to recommend policy interventions to facilitate creation of additional rental housing stocks to cater to the housing needs of those who cannot afford to buy them.

profile image

About eMinds Legal

eMinds Legal

eMinds Legal is a Corporate Law Firm based in Gurgaon, India specializing in Corporate Legal, Corporate Secretarial and Compliance. The Firm comprises of a team of Corporate Lawyers and Company Secretaries with in-depth subject matter knowledge and participative industry experience of over 15 years.

Leave a Reply

Your email address will not be published. Required fields are marked *

India’s Leading Compliance Software

India’s Leading Compliance Software

Get A Demo Today !

Corporate Law Referencer

Corporate Law Referencer

Corporate Law Referencer

Recent Articles

Recent Legal updates

Recent Gst Updates