Impact of the Model Tenancy Act on Rental Markets in Hyderabad
Rakesh Reddy, Director, Aparna Constructions, For 99acres
The ongoing rent control laws have curbed the growth of rental housing segment across metros. There is a significant disequilibrium in the demand-supply as the homeowners feel discouraged to rent out their properties which has led to a hike in the rental rates.
It is expected that the Model Tenancy Act would help the rental segment to a great extent, especially in cities like Hyderabad where the migrant population is considerably high. The increased migration has surged the demand for rental housing in Hyderabad. It has been anticipated that a formalized rental sector would help the market grow further.
Our Director, Mr. Rakesh Reddy, shared his views on the revival of Rental Markets in Hyderabad through The Model Tenancy Act, with 99Acres.com, click on the link to read the entire article:
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