Itanagar, Sep 8: The Arunachal Pradesh Assembly on Thursday by voice vote passed the Arunachal Pradesh Tenancy Bill 2022, to pave way for private participation in rental housing as a business model for addressing the huge housing shortage in the state.
Town Planning Minister Kamlung Mosang, while introducing the Bill, which is on the line of Model Tenancy Act, 2021 passed by the Government of India, informed that the existing Act does not have adequate provision to address the relationship between the landlord and the tenant. He said that this Bill has been made with an objective to balance the right of the tenant and the landlord and to encourage private investor in take part in housing sector. Mossang said the bill is aimed at creating “a vibrant, sustainable, and inclusive rental housing market in the state”.

It will enable the creation of adequate rental housing stock for all income groups, thereby addressing the issue of homelessness. It will also enable institutionalization of rental housing by gradually shifting it towards the formal market, he said.
It is expected to give a fillip to private participation in rental housing as a business model for addressing the huge housing shortage, the minister added.
Mossang further stated that enactment of the proposed Act by state would pave the way for successful implementation of affordable rental housing model and unlock huge vacant construction properties in this segment thereby making rental housing financially attractive.
It will also help in addressing the challenges in rental housing sector by balancing the right and interest of both the landlord and the tenant, which would create a conducive atmosphere for renting out vacant premises and propel new investment in rental housing sector, the minister said before Speaker Passang Dorjee Sona adjourned the House sine die. 

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Kenter Joya Riba

(Managing Editor)
      She is a graduate in Science with post graduation in Sociology from University of Pune. She has been in the media industry for nearly a decade. Before turning to print business, she has been associated with radio and television.
Email: kenterjoyaz@easternsentinel.in / editoreasternsentinel@gmail.com
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