Maharashtra to adopt the dual rent control system
In her budget speech, Finance Minister Nirmala Sitharaman proposed regulating the rental housing market scenario that is fraught with disputes between tenants and landlords. It paved the way for the Model Rent Act, which was announced recently. The Centre has left it to the states to either implement the Act or amend it according to specific needs. The Maharashtra government has, however, taken the dual path – it will adopt the Act for new constructions, and introduce an amendment that will continue to give protection to properties governed by the Maharashtra Rent Control Act, 1999. A senior cabinet minister, who did not want to be identified, told, “Tenancy and rent control are political minefields and no government wants to take this path. However, the government also understands the need to promote rental housing. So we will adopt the dual system. While protecting existing tenants under the Rent Control Act of 1999, we will allow use of the new Act for construction of new rental properties,” he said.
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