It is the era of digitization and there is no industry that can stay aloof from social and digital media. There has been a huge shift in the way brands communicate with their audiences. Indian Real Estate industry has also come a long way in the way it reaches out to potential buyers.
The real estate industry has undergone a lot of changes, both good and bad, in the past few years. While the sector has seen a lot of regularization and improved accountability, it has also been at an all-time low since 2012. The introduction of the Real Estate Act, GST, Relaxation of FDI regulations and launch of the smart cities plan, that should have had a positive impact on the industry failed to rescue the ailing industry.
Tenancy refers to the possession or occupancy of lands, buildings or other property by title through a lease or on payment of rent. The two types of tenancy agreements in India are:
- Lease Agreements which are covered by rent control laws and;
- Lease and License Agreement which are not covered by rent control laws