Photo of Siddharth Iyer

Associate in the Real Estate Practice at the Delhi office of Cyril Amarchand Mangaldas. Siddharth advises on a broad range of issues vis-à-vis the Real Estate Sector in India. He can be reached at siddharth.iyer@cyrilshroff.com

Model Tenancy Act - Revamping the existing rent control regime

The existing rent control and tenancy legislations in the country largely tilt in favour of the tenants. They inter alia involve stringent measures on the fixation of rent and long drawn legal challenges faced by the landowners in evicting tenants. For this reason, landowners are often apprehensive of letting out their vacant premises. This has resultantly affected the rental economy and the rental housing segment across the country, adversely impacting the availability of housing facilities and affordable rental accommodation in urban areas.
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