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Relief for city tenants

Relief for city tenants

Pune Times Mirror 1 month ago

New rent rules aim to cap deposits, regulate hikes

Pune is emerging as one of India's major IT hubs.
The city continues to attract thousands of young professionals for jobs in technology firms, startups, and multinational companies.

As a result, rented accommodation has become the most common housing option for many working professionals in areas such as Hinjawadi, Baner, Wakad, and Kharadi. With the growing demand for rental housing, the new rental rules being discussed across India are drawing attention from both tenants and landlords in Pune's rapidly expanding housing market.

One of the most significant provisions limits the amount landlords can charge as a security deposit. Under the proposed framework, landlords cannot ask for more than two months' rent as a deposit, a step that could reduce the financial burden on tenants moving to the city for work.

"I am not from Pune but have been living here for four years in rented flats. The broker culture here is very strong. Even if you approach societies directly, they ask you to contact brokers. This makes renting difficult and expensive, as broker charges are very high. On top of that, tenants are often asked to pay a deposit amount that is two to three times the monthly rent. It feels quite frustrating," said Palak Gurjar, 23, a tenant living in the city.

Another important rule focuses on tenant protection. The guidelines state that tenants cannot be evicted without proper legal due process, a move aimed at preventing the sudden displacement of working professionals and students living in rented homes.

"For many people who move here alone for work, a sudden eviction can create a major problem," said Priya Kulkarni, 25, a marketing executive staying in Baner. "Clear legal protection will give tenants a sense of security while renting a flat."

The regulations also emphasize transparency in rental agreements. According to the provisions, rental agreements must be digitally stamped and registered within 60 days, ensuring both landlords and tenants have proper legal documentation.

"Proper registration of agreements will reduce disputes between tenants and property owners," said Amit Deshpande, 42, a landlord from Kharadi. "It protects both sides and makes the rental process more professional."

In addition, the rules also regulate rent increases. Landlords will be allowed to increase rent only once in 12 months and must give a 90-day prior notice before implementing any hike. Property owners must also provide at least 24 hours' notice before entering the rented property.

"If these rules are implemented properly, it will bring more structure to Pune's rental market," said a real estate consultant based in Hinjawadi.

Housing experts say that for a city like Pune, where a large share of the workforce depends on rented housing, the proposed rules could help create a more balanced relationship between tenants and landlords while improving transparency in the rental sector.

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Disclaimer: This content has not been generated, created or edited by Dailyhunt. Publisher: Pune Times Mirror