Draft Tenancy Act can Boost Rental Housing

National Real Estate Development Council (NAREDCO) president Niranjan Hiranandani hoped that the new policy will promote and regulate rental housing platform, which will draw individuals as well as corporate players to this emerging segment. He also expects investments pumped into the residential rental housing segment. “The rental housing policy gives a lucrative proposition for real estate investment trust (REITs) and Foreign Direct Investment (FDI) players with steady income as well as appreciation in the property value.

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