To give a fillip to the rental housing market and service apartments, the proposal in the draft National Housing and Habitat Policy, 2005, for income-tax sops on renting out new properties (Business Line, September 26) is welcome.

But most residential buildings are not rented out not because of income-tax but because of fear of losing the property itself. Rent cannot be increased even after many years and houses cannot be easily recovered, because the law is more favourable to the tenants. Sometimes, tenants sub-let the property. What, therefore, is more important is to bring about reform in the existing laws.

A. Jacob Sahayam


Letters to the editor and contributions can be sent by e-mail to:

(This article was published in the Business Line print edition dated September 29, 2005)
XThese are links to The Hindu Business Line suggested by Outbrain, which may or may not be relevant to the other content on this page. You can read Outbrain's privacy and cookie policy here.