The commercial complex of the KSRTC in Kozhikode.
| Photo Credit: K_RAGESHThe decision of the Kerala Transport Development Finance Corporation (KTDFC) inviting tenders to lease the Kerala State Road Transport Corporation’s commercial complex on Mavoor Road may come as a breather to the financially-distressed establishment.
The contract period was for 30 years, and the rent was to be hiked by 10% every three years.
Officials said companies could also opt for rent holiday and rent enhancement.
The twin-tower complex, constructed at a cost of ?65 crore, was inaugurated on June 1, 2015.