Bombay rent control Act

Mumbai is the second largest population in the world. Formerly Bombay, Indian city is approximately 14 million inhabitants (from 2010). Apartments in Bombay, hotel and accommodation price taxes Act 1947, better known as Bombay, lease Act 1947, signed with the intention to provide affordable housing in the urban population in right. ProvisionsThe Act placed the upper limits on the amounts that were owner to load tenants of rental properties in Mumbai. The standard rate for a rental property in 1940 and was measured after, that the law was passed rent annual can increase no more than 25 percent.EffectsThe act in the city where people chose life, altered and changed profile to ethnic and religious specific neighborhoods indirectly. For example, offered the Mumbai subsidised workers Mills tenement housing. Once factories closed, rent the law housing accessible keep controlled forced what to an area of great religious diversity.ControversySeveral property owners in the modern India Mumbai were, rental of law is a maximum fixed more reasonable. In 1997 these owners exerted pressure to change the law, and in April 1998 was passed a new law before the Supreme Court of the State. This Act led to higher free rent. Tenants have since then exerted pressure in the amended Act.