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The Model Tenancy Law has been prepared by the Ministry of
Housing and Urban Affairs with an objective to balance the
interests and rights of the landlords and tenants. Chapter VI of
the Model Tenancy Law deals with the Rent Authorities, their power
and procedure for appeals and Chapter VII of the Model Tenancy Law
deals with Rent Court, Rent Tribunal, procedure to be followed in
rent court and rent tribunal, powers of the rent court and rent
tribunal, procedure for appeal to the rent tribunal.
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India s real estate market is said to grow to INR 65,000
crore (US$ 9.30 billion) by 2040 from INR 12,000 crore (US$ 1.72
billion) in 2019. Real estate sector in India is expected to reach
a market size of US$ 1 trillion by 2030 from US$ 120 billion in
2017 and contribute 13% (thirteen percent) to the country s GDP
by 2025. Retail, hospitality, and commercial real estate are also
growing significantly, providing the much needed infrastructure for
India s growing needs. Indian real estate increased by 19.5%
CAGR from 2017 to 2028.
1
The recent trends in the real estate market required
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On January 12, 2021, the Government of Ontario publicly
announced that it is immediately declaring a second provincial
emergency under s 7.0.1 (1) of the Emergency Management and Civil
Protection Act (EMPCA). While an emergency order has yet to be
issued, the Government of Ontario released a press release and a
presentation slide deck which indicate which construction-related
businesses will be permitted to remain open and/or will be subject
to restrictions.
According to this press release from the Government of Ontario,
dated January 12, 2021, all non-essential construction
is further restricted, including below-grade construction,
Market Insights – by Trilogy Funds
Management
The past year has seen major shifts in Australia s property
markets, but not in our attitudes to property. Buyers may favour
different areas or property types over time, and price growth may
occasionally stall or even reverse, but surveys show that our faith
in bricks and mortar as an investment option remains just as solid
as the long-term upward trend in property values. Here are 10
reasons why Australian investors devotion to property is so
unwavering.
1. It s the main game
Property is by far the largest asset class in Australia, often
making it a key component of any balanced investment portfolio. The
Bill 229 (
Protect, Support and Recover from COVID-19 Act
(Budget Measures),
2020) received Royal Assent on
December 8, 2020. Bill 229 essentially extended the moratorium
originally imposed under Bill 192 (
Protected Small Business
Act, 2020) (as extended under Bill 204 (
Helping Tenants
and Small Businesses Act,
2020)). The moratorium
under Bill 229 applies to tenancies where the landlord: (i) was
eligible (or would be eligible) to receive assistance under the
Canada Emergency Commercial Rent Assistance Program
( CECRA ); (ii) is receiving or has received assistance
under CECRA; (iii) would be eligible to receive assistance under
CECRA if the landlord entered into a rent reduction agreement with
its tenant containing an eviction moratorium; or (iv) would have