THE RENT ACT CON­TRO­VERSY

Hindustan Times ST (Mumbai) - HT Navi Mumbai Live - - FRONT PAGE -

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.

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