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As per industry estimates, the market size of the real estate sector was touted to be approximately $180 bn as of FY 2020 with current projections to touch USD 650 bn as of FY2025.
Hardeep Singh Puri told Lok Sabha that the relationship between landlord and tenant was primarily a state subject but the Centre drafted a model law to help states | Latest News India
Tenants sign unregistered agreements in order to skimp on the applicable stamp duty. This makes it difficult for them to legally challenge a notice from the landlord to vacate the premises.
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Tamil Nadu and Andhra Pradesh had enacted their laws before the final MTA was approved.