Kozhikode’s KSRTC terminal complex to be leased out to ALIF Builders
The Hindu
The Kerala Transport Development Finance Corporation (KTDFC) will sign a Memorandum of Understanding (MoU) with a Mukkom-based company in August to operate the KSRTC terminal complex on the Mavoor roa
The Kerala Transport Development Finance Corporation (KTDFC) will sign a Memorandum of Understanding (MoU) with a Mukkom-based company in August to operate the KSRTC terminal complex on the Mavoor road in Kozhikode. The terminal, which remained unused after it was inaugurated with great fanfare seven years ago, will now be handed over to ALIF Builders for commercial purposes on August 26. The company has secured the contract for 30 years. As per the agreement reached between ALIF Builders and the KTDFC, the company would invest ₹17 crore as a non-refundable security deposit and pay a monthly rent of ₹43 lakh for the commercial space. It has also sought waiving ₹4.5 crore on stamp duty, sources said.More Related News