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Business Economy


Will take comments of all stakeholders & states on Model Tenancy Act to Union Cabinet soon: Secretary, MoHUA

Kolkata/New Delhi, Jul 12 (UNI) The Centre has invited comments from all the stakeholders
and states on The Model Tenancy Act, 2019 and will take it to the Union Cabinet as soon
as possible, said Mr Durga Shanker Mishra, secretary, Ministry of Housing and Urban
Affairs at an ASSOCHAM event held in New Delhi today.
“As of now we have uploaded draft on our website for 21 days to invite comments, we
have sent it to states and we are expecting their comments within 15 days, thereafter we
will re-examine everything and will take it to the Cabinet,” said Mr Mishra in his inaugural
address at an ASSOCHAM Real Estate Summit.
He added, “The Model Tenancy Act, 2019 once finalised and after Union Cabinet’s
approval, will be shared with all the states, we have signed an MoU with all states under
the Housing for All programme, as per which states would either amend their Acts or make
a new Act. All the states are ready and they are awaiting this Model Act as it will be beneficial
for them.”
The proposed law, said Mr Mishra, promotes a balanced, transparent and accountable
relationship between the renter and the rentee based on the rent agreement. “This will give
a boost to the rental market.”
The secretary also said that the facility for online building approval and completion
certificate provided by urban local bodies (ULBs) would be made available in all cities
across India within this year itself.
“We are trying our level best to ensure that within this year this seamless facility is
extended across India through ULBs so that when you apply for building permission,
you get the approval within 30 days and if you apply for completion certificate, you get
the approval within 15 days,” he said.
Mr Mishra added, “Online building permission system is as of now in 1,705 cities and
in 11 states it is 100 per cent and we will spread it across all cities in India by end of this
year.”
He stated that it will be a single-window system which would provide seamless facility
and allay problems of people in terms of going to different places to seek permissions.
Mr Mishra also said that new houses are being constructed under various government
schemes using different kinds of modern technologies and the Ministry of Housing and
Urban Affairs is making efforts to further promote low-cost construction technologies.
“I have directed my team to very soon organise an exhibition to showcase how people
across India have come up with various low-cost technologies to construct single or
double storey houses to reduce the cost of construction leading to judicious use of
resources,” he said.
Lauding the efforts of real estate industry, the secretary said that realty sector is the
key player in progress and transformation of country into a ‘New India,’ which is clean,
free of corruption, without any type of indiscrimination and is full of hope and aspirations.
Besides, considering the importance of the sector in terms of contribution to the GDP,
employment generation and other aspects, the government in the past five years took
various decisions on policy front, programme and scheme levels and will further take steps
in next five years, as efforts are still to revive this sector.
On the Real Estate Regulatory Authority (RERA), he said that it has ushered in
accountability, transparency and honesty in real estate sector. “We came up with a new
law RERA in 2016 which is equally beneficial for all stakeholders be it homebuyers,
builders, real estate agents and even the government. We are thinking about making
amendments to this law as many people approach us in this regard.”
In his address at the ASSOCHAM summit, MP and India’s Sherpa to the G20,
Suresh Prabhu said, “Real estate is the only sector which can link manufacturing
and services, and has the potential to provide huge job opportunities.”
Amid others who addressed included: Pinaki Misra, MP; Tarun Kapoor, vice-chairman,
DDA; Dr Samantak Das, chief economist and head-Research & REIS India, JLL;
Dr Niranjan Hiranandani, senior vice-president, ASSOCHAM; Pradeep Aggarwal,
chairman, National Council on Real Estate and Urban Development; Arpit Goel,
co-chairman; Dr Neha Berlia, co-chairman and Col Saurabh Sanyal, deputy secretary
general.
UNI XC-BM
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