THE RENT ACT CONTROVERSY
WHAT THE AMENDMENT WOULD HAVE DONE
It would have increased rents for homes above 860 sq ft and commercial spaces above 500 sq ft and brought it on a par with market rents in these areas
EFFECT ON TENANTS
According to estimates by tenant associations — which govt has rejected — this would have led to rents shooting up 2,500 times in residential and 5,000 times in commercial spaces
WHAT THE GOVT PREVIOUSLY SAID
HT had earlier reported how the housing dept had argued the amendment would only pinch the creamy layer, with flats above 850 sq ft constituting only 8.5% (1.97 lakh) homes and only 14% commercial spaces (less than 1 lakh) being affected by the amendment.