MC SLASHES RENT OF TERRACED GARDEN BOOTHS

CHANDIGARH: After repeated failures to attract tenants, the municipal corporation has slashed the monthly rent of the commercial booths in Terraced Garden, Sector 33, by nearly half. The MC had earlier offered booths for a minimum reserve rent of ₹10,000 per month, but no takers were found. Even after reducing the reserve rent to ₹5,000-₹6,000 per month, it failed to receive any positive response. The MC made another attempt at renting out these shops at a further reduced rent of ₹3,500 per month. The auction will be held on August 3 at the conference room of the MC building in Sector 17.