Bhopal Development Authority Gets Tough On Lease Norms - The Times Of India

Inc. leased 2,000 SF of Industrial space at 4240 James Ave in Port Charlotte from Trojan Electronic Supply Co., Inc. Ronald Struthers CCIM of Coldwell Banker Commercial NRT handled the transaction. Bradenton Community Acupuncture LLC leased 1,000 SF of office space at 5245 Office Park Blvd in Bradenton from TJSS Holdings LLC. Janet Lincoln of Coldwell Banker Commercial NRT handled the transaction. Prior to serving notice, a survey of both these zones was conducted by BDA and it was found that hotels were running in violation of lease norms, which lays down that only ground floor can be used [ urbanindo] for commercial activates and rest of the building would be residential. MP Nagar was declared commercial zone in 2000. In 2000, 269 plots were allotted in MP Nagar Zone 1, out of which 219 were residential cum commercial and 50 were residential.

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