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New Rental Policy favors landlords

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The Union Government has decided to make certain amendments in the existing Rent Control Norms and in this regard, the Central Urban Development Minister has passed the message to the state governments to go ahead with the possible amendments in the existing Rental Policies. As reported by the sources at the www.propertykhazana.com the amendment will surely benefit the building owners and the landlords and with the latest changes advised by the Central Govt., Landlords or the Building owners are now set free and can modify the rent as per to the current market condition.
Central Government is hopeful that by the amendment in the existing rental policies there will be flood of investments foraying into the residential and commercial realty sector. It is also reported by the source @ www.propertykhazana.com that once the new policy is implemented then, the building owners and the land lords will be holding the rights to replace the tenants without more legal claws or if the tenant is forcefully occupied or fails to pay the rent on time or not ok with the rental revise, then the landlords can order the tenants to vacate. Particularly, the central govt. has approached the state governments of Karnataka, Maharashtra Andhra Pradesh, Kerala and Delhi, which of course are the booming cities. It is also said by the source @ www.propertykhazana.com that the respective state governments will decide upon the rent if it is government properties but in Delhi, the Urban Development Ministry will monitor on the issues.
Finally, the landlords bothering for low rents and forceful tenants are now said to be relaxed.
Source: NBTVLIVE

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