The Maharashtra Rent Act is hampering the growth of Mumbai.One of the requirements of the release of funds from the central government through JNNURM is to make the rent laws equal between landlords and tenants.Tenants in Mumbai occupy apartments of 1000 sq ft carpet area and pay a monthly rent of Rs.100, in the year 2010.Persons living in these apartments are from the HNI(High net individual) group.How can owners be expected to maintain their properties at these absurd rates.And which class of citizens are we trying to protect with the Rent Act.At present the rent act is totaly in favour of tenants with rents in old buildings stuck at 1940 levels.By scrapping the Rent Act there will be more citizens willing to invest in and rent property creating more accomodation.By getting rid of outdated acts the maharshtra government will ensure the true progress of Mumbai and Maharashtra