Nation to start rental information platform
The nation will take more steps to grow the housing rental market including the setting up of a rental information platform and encouraging alternative financing sources, according to a government document released onWednesday. TheMinistry of Housing and Urban-Rural Development said a well-functioning housing rental market is crucial to meet the housing demands of people, especially the huge migrant population. It has also vowed to cultivate institutions specializing in house rental business, and encourage developers to allocate some of their houses for rent, instead of selling them off. The ministry has also suggested the establishment of rental information platforms across the country. and reduce the country’s reliance on imported oil.