Rent to be revised by 30% every 5 years

The general body meeting of the Pune Cantonment Board (PCB) has approved the proposal to periodically increase rent for Shivaji Market vendors by revising it by 30 per cent every five years.

The proposal was opposed by elected member Manzur Shaikh. The proposal was approved by recording Shaikh's vote of dissent. It may be noted that the cantonment board has drafted an agreement for the transfer of galas at Shivaji Market to legal heirs/other-than-legal-heirs of the vendors of the market.

The clause of revision would thus be included in the draft. "Vendors will go to court against revision," said Shaikh.

"We are doing their transfers, monthly rentals and will allow them to continue without auction. Therefore we have to do the revision as per Rule 8 of Cantonment Property Rules 1925," K V Nagireddy CEO, PCB, said in a counter argument.

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