{"id":51960,"date":"2019-05-08T16:10:05","date_gmt":"2019-05-08T11:10:05","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=51960"},"modified":"2019-05-08T16:10:05","modified_gmt":"2019-05-08T11:10:05","slug":"rmc-leases-out-remaining-portions-of-building","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/rmc-leases-out-remaining-portions-of-building.html","title":{"rendered":"RMC leases out remaining portions of building"},"content":{"rendered":"<p>Rawalpindi: The Rawalpindi Municipal Corporation (RMC) has leased out the remaining two storeys of its building for PKR 850,000 per month to generate additional revenue, a news source reported.<\/p>\n<p><strong>Read<\/strong>:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/rmc-prepares-plan-for-three-development-schemes.html\">RMC prepares plan for three development schemes<\/a><\/p>\n<p>Previously, the corporation had <a href=\"https:\/\/www.zameen.com\/news\/rmc-to-rent-out-its-old-building.html\">leased out <\/a>first three storeys of said building for PKR 1.6 million. The local bureaucracy later allowed RMC to rent out the remaining portions to a private company.<\/p>\n<p>The civic agency would start receiving monthly rent of PKR 2.5 million after the auction process for the building. The total monthly rent for the basement and first four floors amounts to PKR 2.2 million.<\/p>\n<p><strong>Read<\/strong>:\u00a0<a class=\"row-title\" href=\"https:\/\/www.zameen.com\/blog\/rmc-asks-owners-to-submit-certificates.html\" target=\"_blank\" rel=\"noopener noreferrer\">RMC asks building owners to submit certificates<\/a><\/p>\n<p>An RMC official said that the corporation would be able to generate additional revenue as it had not performed well financially in the current year. To address financial concerns, RMC has also decided to reduce its development budget for the fiscal year (FY) 2019-20.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rawalpindi: The Rawalpindi Municipal Corporation (RMC) has leased out the remaining two storeys of its building for PKR 850,000 per month to generate additional revenue, a news source reported. Read:\u00a0RMC prepares plan for three development schemes Previously, the corporation had leased out first three storeys of said building for PKR 1.6 million. The local bureaucracy later allowed RMC to rent out the remaining portions to a private company. The civic agency would start receiving monthly rent of PKR 2.5 million after the auction process for the building. The total monthly rent for the basement and first four floors amounts to PKR 2.2 million. Read:\u00a0RMC asks building owners to submit certificates An RMC official said that the corporation would be able to generate additional revenue as it had not performed well financially in the current year. To address financial concerns, RMC has also decided to reduce its development budget for the fiscal year (FY) 2019-20.<\/p>\n","protected":false},"author":67,"featured_media":49827,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[11578],"persona":[],"class_list":{"0":"post-51960","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-rmc-leases-out-remaining-portions-of-building"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>RMC leases out remaining portions of building - Zameen News<\/title>\n<meta name=\"description\" content=\"Rawalpindi: The Rawalpindi Municipal Corporation (RMC) has leased out the remaining two storeys of its building for PKR 850,000 per month to generate\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/rmc-leases-out-remaining-portions-of-building.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RMC leases out remaining portions of building - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Rawalpindi: The Rawalpindi Municipal Corporation (RMC) has leased out the remaining two storeys of its building for PKR 850,000 per month to generate\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/rmc-leases-out-remaining-portions-of-building.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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