In addition, the cabinet approved the signing of a Memorandum of Cooperation between India’s MoHUA and Japan’s land, infrastructure, transport and tourism on sustainable urban development. In another decision, the union cabinet approved the Model Tenancy Act for circulation to all states and union Territories for adaptation. “The Model Tenancy Act aims at creating a vibrant, sustainable and inclusive rental housing market in the country. It will enable creation of adequate rental housing stock for all the income groups thereby addressing the issue of homelessness. Model Tenancy Act will enable institutionalisation of rental housing by gradually shifting it towards the formal market," the statement added.

Source: Mint June 02, 2021 09:27 UTC