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What is the Pagdi system?

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Tenants pay a large sum of money as a one-time deposit known as a Pagdi. This deposit could be double or more than the monthly rent. The Pagdi System is a long-term rental agreement system in which the tenants have the right to rent out rooms or sell the property for a certain term. The conditions required the renter to get the owners' consent in advance and stated that, in the case of a sale, the tenants would split 33 percent or another agreed-upon percentage of the retail price. Mumbai's Pagdi system rule states that renters must pay a minimum of Rs. 500 for a house, even if market rates might reach Rs. 60,000 or higher. Moreover, the Maharashtra Rent Control Act of 1999, which was enacted on March 31, 2000, gave this framework legality.

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Yash R

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