Property News · February 6, 2018

Millions of empty homes in India, but out of bounds for migrants seeking to rent


Tens of thousands of people migrating to Indian cities each day cannot find adequate housing, as rental markets shrink despite millions of homes remaining vacant, government data shows.
The share of rental housing in cities has fallen by nearly half over the past five decades, according to the government’s annual economic survey released this week.
Rent control, unclear property rights, and a focus on building homes for ownership rather than renting are at the root of the problem, it said…

Source : South China Morning Post
Read more…Millions of empty homes in India, but out of bounds for migrants seeking to rent

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