According to the International Monetary Fund (IMF), India's rental housing market was worth more than $20 billion in 2017, with urban areas taking the lion's share.
Union finance minister Nirmala Sitharaman in the budget 2019 has promised to reform India's 'archaic' rental housing policy. Union minister of housing and urban affairs Hardeep Singh Puri said his ministry will put out a National Renting Policy in a day or two in the public domain and invite stakeholder consultation. This is one of the low-hanging fruits of his ministries first 100 days.
CNBC-TV18, spoke with Sanjay Dutt, managing director and chief executive officer of Tata Housing; Deepak Anand, co-founder and chief executive officer of Housr; Sudhir Pai, chief executive officer of Magicbricks and Bhairav Dalal, real estate tax leader at PWC, to discuss what should be the contours of the new rental housing policy, what role will the states play and how can the private sector partner with the government to build homes for the young population headed to cities looking for work.