1. Can companies take any property on rent?
Companies should be careful not to rent properties situated in residential areas as it violates zonal regulations. Companies should also take care that the building put up is not unauthorised. This means that the sanctioned plan should be scrutinised both for authorised use and for F.A.R.
One of the key elements of any city from the point of corporates and executives is the cost of rent/lease and the complexity of the laws governing these. Since this is a Bangalore focused issue, I chose the recent changes in the rent control Act as the focus for this article. To make it easier for reading, I have done it point-wise.
1. Can I have an office in a residential area?
Having an office in a residential area is against the zonal regulations of the Corporation and also of the Karnataka Town and Country Planning Act. Certain offices like those of doctors and lawyers are allowed in residential areas. Hostels, schools upto secondary level, temples,
Businessgyan - The destination for Business Knowledge powered by a community of experts, who share and point to useful and inspiring articles for entrepreneurs and business leaders. Find articles, blogs, videos and links that experts value in the areas of Entrepreneurship, Leadership, Marketing, Human Resource, Technology, Operations and Facilities