Bengaluru: Institutions on Bangalore University campus that fail to renew lease agreement would be terminated   

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08-01-2024

    Out of the 26 institutions, only two express interest to renew lease agreement

    University has proposed and communicated a revision of the lease amount

    Bangalore University campus encompasses 278 acres, leased to various institutions

Out of the 26 institutions situated on the Jnanabharathi campus of Bangalore University, only two have expressed interest in renewing their lease agreements.

Despite the imminent renewal period for most of these institutions, only the National Assessment and Accreditation Council (NAAC) and Maulana Azad National Urdu University have responded positively to the university’s communication regarding the lease renewal.

The university has proposed a revision of the lease amount and has communicated this to all the concerned institutions. However, according to information from the university, the response has been limited, with the majority of institutions remaining unresponsive. A senior official from the university reportedly stated that final renewal notices will be issued, and in the event of continued non-response, the university will approach the state government to propose the termination of lease agreements.

The Jnanabharathi campus encompasses 278 acres, leased to various institutions. Due to the nominal lease amounts charged, the university Syndicate decided in 2022 to set the rental rate at Rs 50,000 per acre with a 10% annual increase.

Bengaluru: Institutions on Bangalore University campus that fail to renew lease agreement would be terminated   

https://newsfirstprime.com/wp-content/uploads/2024/01/Bangalore-University-Building.jpg

    Out of the 26 institutions, only two express interest to renew lease agreement

    University has proposed and communicated a revision of the lease amount

    Bangalore University campus encompasses 278 acres, leased to various institutions

Out of the 26 institutions situated on the Jnanabharathi campus of Bangalore University, only two have expressed interest in renewing their lease agreements.

Despite the imminent renewal period for most of these institutions, only the National Assessment and Accreditation Council (NAAC) and Maulana Azad National Urdu University have responded positively to the university’s communication regarding the lease renewal.

The university has proposed a revision of the lease amount and has communicated this to all the concerned institutions. However, according to information from the university, the response has been limited, with the majority of institutions remaining unresponsive. A senior official from the university reportedly stated that final renewal notices will be issued, and in the event of continued non-response, the university will approach the state government to propose the termination of lease agreements.

The Jnanabharathi campus encompasses 278 acres, leased to various institutions. Due to the nominal lease amounts charged, the university Syndicate decided in 2022 to set the rental rate at Rs 50,000 per acre with a 10% annual increase.

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