Summary:
The commercial space in the two towers is 2,18,716 sq. The contract period would be 30 years and the rent would be hiked by 10 per cent every three years. The court has issued a directive to the KTDFC to summon a meeting of eligible bidders and arrive at a decision on handing over the complex within a month. MAK Associates had told the court that it had not been able to make any gains out of the agreement it had reached with the KTDFC. If this was not possible within the stipulated time, then the KTDFC should cancel all tenders and invite fresh bids in three months..