CTU TO RENT 40 COM­MER­CIAL SPA­CES AT ISBTS IN SEC 17, 43

Hindustan Times (Chandigarh) - - Htregion - HT Cor­re­spon­dent

CHANDIGARH: The Chandigarh Trans­port Un­der­tak­ing (CTU) will be al­lot­ting 40 shops and premises in­clud­ing a food court on rent at ISBT, Sec­tor 43, and ISBT, Sec­tor 17. The monthly rental ranges from ₹8,000 to ₹4.5 lakh depend­ing on the size of the prop­erty.

The com­mer­cial space on of­fer is for a gen­eral store, a food court, an ed­u­ca­tional in­sti­tute, an of­fice pur­pose, ex­hi­bi­tion rooms, cab­ins, stores and a guest house.

At ISBT-43, ten com­mer­cial spa­ces are be­ing of­fered. The re­served price per month here varies from ₹30,000 to ₹4.15 lakh.

CTU has floated e-ten­ders for al­lot­ment on a monthly rental ba­sis for a pe­riod of 6 years with an an­nual in­crease of 5% of the im­me­di­ately pre­ced­ing monthly rent. How­ever, the premises will be al­lot­ted im­me­di­ately on fi­nal­i­sa­tion of the ten­der.

Due to the pan­demic, how­ever, the rent of the al­lot­ted shop will be charged from the ac­tual date of re­sump­tion of in­ter­state op­er­a­tion of buses at the ISBTS.

In Sec­tor 17, 25 com­mer­cial spa­ces have also been of­fered on a monthly rent ba­sis. The rent ranges be­tween ₹7,000 and ₹2.14 lakh which will be al­lot­ted for three years. In ad­di­tion to the ISBTS, there are four com­mer­cial sites in the Pun­jab Civil Sec­re­tariat that the CTU is of­fer­ing at monthly rent rang­ing from ₹8,000 to ₹13,000.

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