The Model Tenancy Act which was approved by the Union Cabinet on June 2, 2021, will further strengthen the organised rental housing such as student housing and co-living in India. The large rental housing demand coupled with such laws that protect the interests of the stakeholders will ensure that the space is given industry status and recognition it deserves. Housing is a basic need and rental homes in metros are fuelled by the continuing urban migration. Institutional investors will now start looking at this sector positively with such a formal act coming into effect.