Some hope for landlords

Being a landlord in most cities can be quite traumatic if you can’t get the tenant to vacate, more so if you gave your property out several decades ago when rentals were very low. Most of the older commercial/residential areas in Indian cities fall in this category, and shopkeepers/offices give a few hundred rupees as rent for properties worth crores. To add salt to injury, local authorities often demand higher property tax rates in keeping with the escalating property values, never mind if the property yields just a few hundred rupees in rent.

Read Full Story>>