How much can my Rent increase by?
As of January 2016, the RERA rental index follows a graded structural approach:
If the current annual rent of the Tenancy is: -
(a) below 10% of the calculated RERA market value, there is no increase applicable
(b) between 11% and 20% under the RERA market value, the maximum rental increase applicable is 5%
(c) 21% to 30% under the RERA market value, the maximum rent increase applicable 10%
(d) is 31% to 40% under the calculated RERA market value, the maximum rent increase applicable is 15%
(e) more than 40% below the RERA calculated market value, the maximum rent increase applicable is 20%
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