Banking And InsuranceCryptocurrencyDigital MarketingErpFood And BeveragesHealthcareLegalMarketing And AdvertisingMedia And EntertainmentMetals And MiningOil And GasRetailTelecom
Artificial IntelligenceBig DataCloudCyber SecurityE CommerceEducationGaming And VfxIT ServiceMobileNetworkingSAPScience And TechnologySecuritySoftwareStorage
CiscoDatabaseGoogleIBMJuniperM2MMicrosoftOracleRed Hat
CEO ReviewCompany Review

The Silicon Review Asia

Tenants in Bengaluru are stoked with the new Model Tenancy Act

Tenants in Bengaluru are stoked with the new Model Tenancy Act

Property owners in Bengaluru are unhappy with the Model Tenancy Act. It is well-known that searching for a property for rent in Bengaluru can be a tiresome task. Even if you manage to find a house to rent, it can be very challenging to deal with the house owners as there is an unwritten rule to pay ten month’s rent as a deposit for the house. There are certain miscellaneous expenses that will be deducted. Tenants were looking forward to the implementation of the Model Tenancy Act in Karnataka because with that, they can get a house for rent by paying just two months’ worth of rent in advance.

Recently the Act was approved by the Union Cabinet, and it was sent to all states for implementation and amendment of existing rental laws. Naresh Pawar from Bengaluru stated that the advance amount is so high that people are taking loans to pay them. In the case of commercial properties, the advance amount is 3 or 5x higher. People who want to start a business in the city are finding it very difficult because the advance is high. Owners are unhappy with the new bill because there are few tenants who refuse to pay rent on time.


Pine Labs Reaffirms its Commitment to Indian Payments Space with Qfix Acquisition

HDFC Bank is Qfix's main distribution partner Pine Labs has announced that it has acquired Qfix, a Mumbai-based online payments startup. This acquisi...

Salesforce Expands into Thailand, Opens Office in Bangkok

Salesforce has announced permanent presence in Thailand by launching its new office in the country’s capital, Bangkok. The permanent presence wi...

GMLL is expected to soon add two more stores to its retail arm ‘Price Mantra’

Garment Mantra Lifestyle, a popular name in the Indian fashion retail segment, recently made an announcement that the company is expanding its retail ...

Tariff plans will cost higher from the next financial year as telecom companies are gearing up to increase rates

The ongoing Covid pandemic had significantly increased the number of mobile and internet users worldwide. The high amount of usage is expected to drop...