The Times of India 14.08.2012
Push for 30% increase in rent at Nashik Municipal Corporation’s commercial properties
NASHIK: The standing committee of the Nashik Municipal Corporation (NMC) on Monday decided to hike the rent of commercial galas in municipal structures by upto 30% .
Moreover, the committee also directed the civic administration to
facilitate occupancy in vacant galas and sign agreements with those that
already occupy these spaces.
facilitate occupancy in vacant galas and sign agreements with those that
already occupy these spaces.
There are around 1,132 commercial
galas (space for shops) owned by the NMC, but the NMC administration
takes a nominal charges from them. The proposal to increase the rent by
up to 30% was tabled at the standing committee meeting of the NMC on
Monday. Committee chairman Uddhav Nimse said that since the existing
rent charged by the NMC for galas in civic-owned properties was much
lower than market rates.
galas (space for shops) owned by the NMC, but the NMC administration
takes a nominal charges from them. The proposal to increase the rent by
up to 30% was tabled at the standing committee meeting of the NMC on
Monday. Committee chairman Uddhav Nimse said that since the existing
rent charged by the NMC for galas in civic-owned properties was much
lower than market rates.
Dinkar Patil of Congress said, “Most
galas in Satpur division of NMC have still not been occupied. If
unemployed citizens are encouraged to occupy these galasfor business
more revenue might be generated.”
galas in Satpur division of NMC have still not been occupied. If
unemployed citizens are encouraged to occupy these galasfor business
more revenue might be generated.”
There are a number of
commercial complexes that are civic owned at prime locations, including
Canada Corner, Shingada Talav, Mahatma Nagar and Gangapur Road. The move
to boost commercial rent at these properties also comes in the wake of
the current financial crunch being faced by the civic administration.
commercial complexes that are civic owned at prime locations, including
Canada Corner, Shingada Talav, Mahatma Nagar and Gangapur Road. The move
to boost commercial rent at these properties also comes in the wake of
the current financial crunch being faced by the civic administration.