I dont think anything is going to happen. The rents are already skyrocketing. They should have put a limit on the amount of rent based on the number of rooms and whether it is a villa or flat.

 There are still loop holes in the new law like if the owner evicts the tenants based on the thinf that he wants to demolish it but doesnt demolish it and rents it out again after 2 months how the hell the old tenant will know whether the place he was living in has been demolished or not. He cannot keep on going to his old place and checking it out wheter its demolished or not.