Want to put your DDA flat on RENT?—Check out this Model Tenancy Act approved by PM Modi

The Narendra Modi-led Government recently approved the Model Tenancy Act (MTA) for adaptation by way of enacting fresh legislation or amending existing rental laws suitably to all States/ Union Territories.  

This decision by the government is going to benefit many Indians. Similarly, this will help people, who are looking to rent their Delhi Development Authority (DDA) flats in the capital.

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The Model Tenancy Act will facilitate the unlocking of vacant houses for rental housing purposes. It is expected to give a fillip to private participation in rental housing as a business model for addressing the huge housing shortage.  

The Model Tenancy Act will help overhaul the legal framework with respect to rental housing across the country, which would help spur its overall growth, the government said in a statement.   

The Model Tenancy Act aims at creating a vibrant, sustainable, and inclusive rental housing market in the country.  It will enable the creation of adequate rental housing stock for all the income groups thereby addressing the issue of homelessness.  The Model Tenancy Act will enable institutionalisation of rental housing by gradually shifting it towards the formal market, according to the official statement.  

“The Union Cabinet has approved the Model Tenancy Act for adoption and enactment by states/ Union Territories to promote rental housing in India. MTA envisages balancing the interests and rights of both the owner and tenant in an accountable and transparent manner,” the Ministry of Housing and Urban Affairs has also tweeted.   

Over 8,000 DDA flats are reportedly vacant, mostly because they don't have many buyers.  

Hopefully now, with the new Model Tenancy Act, these vacant DDA flats will meet their buyers and these flats can be put on rent for needy people in Delhi.