Housing: Govt to amend Rent Act, declare it industry

New Delhi: Faced with the challenge of urban housing shortage for the poor, government today said it is taking several steps including nation-wide support to municipalities to build rental homes, amending the archaic Rent Control Act and declaring the sector an industry. Unveiling the report of the Technical Group on Urban Housing Shortage (2012-17), Housing […]

New Delhi: Faced with the challenge of urban housing shortage for the poor, government today said it is taking several steps including nation-wide support to municipalities to build rental homes, amending the archaic Rent Control Act and declaring the sector an industry.

Unveiling the report of the Technical Group on Urban Housing Shortage (2012-17), Housing and Urban Poverty Alleviation Minister Kumari Selja said the maximum shortage exists for the economically weaker sections and the lower income group whose "need is unable to get translated into demand due to issues of affordability".