Model Tenancy Act: What It Means For Landlords, Tenants

The Model Tenancy Act, approved by the Union Cabinet headed by Prime Minister Narendra Modi on June 2, aims to boost the real estate growth and help overhaul the legal framework of rental housing across India. Many believe the act will prove to be a "game changer" and help create a vibrant, sustainable and inclusive rental housing market in the country. In today's edition of FYI, we break down The Model Tenancy Act and try to understand it - if we need an Act like this and what new changes the Act will bring.