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.
Your support to NYOOOZ will help us to continue create and publish news for and from smaller cities, which also need equal voice as much as citizens living in bigger cities have through mainstream media organizations.
Stay updated with all the Latest Kozhikode headlines here. For more exclusive & live news updates from all around India, stay connected with NYOOOZ.