Rajyasabha MP, Subhash Chandra has rented his bungalow located at Cuffe Parade to the Chinese Consulate in Mumbai. The agreement was signed on June 29, the rent period started on July 1, 2020. Per month rent stands at Rs 4.90 lakh.

By Varun Sngh

Rajyasabha MP, Subhash Chandra, has let out his Cuffe Parade bungalow to the Chinese Consulate.

The agreement was signed on June 29 between Subhash Chandra by his constituted attorney Bhaupatil Arote and Huang Xiang, the Vice Consul, for the Consulate General of The People’s Republic of China.

The bungalow let out to the Chinese Consulate General in Mumbai is located in Jolly Maker 1, one of the most sort out addresses in the city of Mumbai.

The deal was registered with the registration office in Mumbai on July 1, 2020, while the paper work was carried out on June 29.

Subhash Chandra on June 15, constituted a specific power of attorney to Bhaupatil Arote to carry out the leave and license work.

Copy of the Specific Power of Attorney, constituted by Subhash Chandra
Copy of the Specific Power of Attorney, constituted by Chandra

Relations between China and India has been growing bitter over the last few days. Especially after the Galwan valley clash, where 20 Indian soldiers were killed on June 15.

Post this, there has been a rise in anti-China sentiments in the country.

Industrialist like Anand Mahindra while replying to a jibe on Indian products by Chinese twitter handles had stated that such comments might well be the most effective and motivating rallying cry that India Inc. has ever received.

https://twitter.com/anandmahindra/status/1277939258322370560
Anand Mahindra’s tweet on a Chinese jibe on Indian products.

Industrialist Sajjan Jindal had tweeted against cheaper imports from China and asked for developing our own domestic vendors.

Coming back to the rent agreement between Chandra and the Chinese Consulate in Mumbai. The per month rent for the bungalow is Rs 4.90 lakh. The carpet area of the bungalow is 2590 sq ft and the Chinese Consulate will also get to use two covered parkings.

The rent agreement is for two years starting from July 1, 2020 and ending on June 30, 2022.

The Lock-In period is for nine months and to terminate the agreement each party has to give three months notice period.

The Chinese Consulate even paid Subhash Chandra Rs 58.80 lakh via a cheque. This amount includes nine months advance rent and the refundable deposit of Rs 14.70 lakh deposit.

The ground floor of the bungalow has a living room, and a kitchen, the first floor has three bedrooms and one child bedroom. While the second floor has one bedroom.

The bungalow can be used by the Chinese Consulate for its officers, staff, employees, and guests along with families for residential purposes only.

The agreement also has a diplomatic clause, which states, “If any decision taken by the Government of the People’s Republic of China or the Government of the Republic of India results in the closure of the office of the Consulate General of the People’s Republic of China in Mumbai at any time during the term (including the Lock-In-Period), the agreement shall stand terminated.

Emails, messages sent and phone calls made to Subhash Chandra seeking a response regarding the leave and license got us no response.

A detailed email sent to Chinese Consulate in Mumbai also generated no response.

Also Read: PMC Bank puts on sale a yacht and two aircrafts

Leave a Reply
You May Also Like

Deadline Extended for Online Applications for MHADA Konkan BoardLottery Until January 6, 2025

The Maharashtra Housing and Area Development Authority (MHADA) has extended the deadline for online applications for its Konkan Division lottery to January 6, 2025. The lottery offers over 2,200 residential units across multiple schemes, with the computerized draw scheduled for January 31, 2025.

Is your Builder Transferring his Rights in the Project to Third Party, then read this

If a builder is transferring his rights in a project to a…

Developers should adopt technology to sell homes at low cost: Gadkari

Developers need to adopt technologies that will reduce their construction cost and…

India’s Silver Surge: Senior Living Market Poised for USD 8.4 Billion Investment by 2030

India’s ageing population is reshaping the real estate landscape, with senior living communities emerging as a key investment hotspot. A new Savills India report projects up to USD 8.4 billion in investment potential by 2030, driven by a growing demand for dignified, wellness-oriented retirement housing across urban and semi-urban India.