Rental Housing Sector Needs Government Intervention: Report

Rental Housing Sector Needs Government Intervention: Report

New Delhi: The rental housing segment needs government’s intervention as there are many people who cannot afford buying a home, a MagicBricks report said here on Wednesday. The report also observed that affordable rental homes are required in cities for professionals and students.

“A large population in India can’t afford buying a home and rental housing can be an alternative to such people. This is one area where the government’s intervention is required,” said the “Residential Real Estate” report, adding that in Indian cities, the rentals are very high and many people cannot afford a house with even basic amenities. “It is important to ensure the right of housing to even those who can’t afford to buy. Rental housing is going to be the next big step,” it said.

The Central government is reportedly preparing a National Urban Rental Housing Policy. Union Housing and Urban Affairs Minister Hardeep Singh Puri had said in March that the policy would be released after due consultation between the concerned ministries. (IANS)

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