{"id":18806,"date":"2013-06-16T10:00:28","date_gmt":"2013-06-16T10:00:28","guid":{"rendered":"http:\/\/www.bharatestates.com\/blog\/?p=18806"},"modified":"2020-06-15T04:04:56","modified_gmt":"2020-06-14T22:34:56","slug":"18806-revision-in-the-law-for-rental-housing","status":"publish","type":"post","link":"https:\/\/www.bharatestates.com\/blog\/18806-revision-in-the-law-for-rental-housing\/","title":{"rendered":"Revision in the Law for Rental Housing"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-18808\" alt=\"affordable-housing-project\" src=\"https:\/\/www.bharatestates.com\/blog\/wp-content\/uploads\/2013\/06\/affordable-housing-project.jpg\" width=\"300\" height=\"250\" \/>In India, the number of migrant population has been increased in cities like Mumbai, Bangalore and Delhi. Due to the soaring job opportunities and educational facilities present here, most of the young crowd migrate to these locations. About 30 to 35% of the population immigrates to these cities. \u00a0\u00a0Therefore generally this set of people opts for rental homes. Even due to the increasing property prices, rental houses are on high demand. There is good news, for all those who are looking out to rent a home. Government is planning to set a new law for rental homes. The government appointed panel suggested that tax benefits should be given to motivate the builders to launch rental housing projects.According to the sources, the Chairman of Value and Budget Housing Corporation along with the panel of 19 members has put forth some suggestions like giving infrastructure status to large rental housing projects for lower the cost , track panels for speedy resolutions for all rent related cases and other such related points. The panel will submit its report by next month.The new law will be initiated for the convenience of the residents and to provide affordable homes. The panel also added that affordable housing should include flats that are less than 60 sq m and even hostels and dormitories will be include.Rental housing is the best alternative for the people who are unable to afford buying a home but there are not enough options available. Owners prefer keeping their homes locked rather than renting it. As the rental yields are only 5% which is taxable therefore most of the builders opt for selling the home rather than constructing and renting it.<span style=\"left:100%;display:inline-block;position:fixed\"><a href=\"http:\/\/rusbankinfo.ru\/\">\u0437\u0430\u0439\u043c \u043d\u0430 \u043a\u0430\u0440\u0442\u0443 \u0431\u0435\u0437 \u043e\u0442\u043a\u0430\u0437\u043e\u0432 \u043a\u0440\u0443\u0433\u043b\u043e\u0441\u0443\u0442\u043e\u0447\u043d\u043e<\/a><a href=\"http:\/\/rusbankinfo.ru\/credits.html\">\u0432\u0437\u044f\u0442\u044c \u043a\u0440\u0435\u0434\u0438\u0442 \u043e\u043d\u043b\u0430\u0439\u043d<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In India, the number of migrant population has been increased in cities like Mumbai, Bangalore and Delhi. Due to the soaring job opportunities and educational facilities present here, most of the young crowd migrate to these locations. About 30 to 35% of the population immigrates to these cities. \u00a0\u00a0Therefore generally this set of people opts [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-18806","post","type-post","status-publish","format-standard","hentry","category-realty-news"],"blocksy_meta":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Revision in the Law for Rental Housing -<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bharatestates.com\/blog\/18806-revision-in-the-law-for-rental-housing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Revision in the Law for Rental Housing -\" \/>\n<meta property=\"og:description\" content=\"In India, the number of migrant population has been increased in cities like Mumbai, Bangalore and Delhi. 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