new Delhi. Rajya Sabha MP and Zee Group Patron Subhash Chandra has rented out his bungalow at Cuffe Parade in Mumbai to the Chinese Consulate. According to the real estate sector website’s report, the agreement has been signed on June 29 by Bhau Patil Arotee and Consul General Huang Jiang of ‘The People’s Republic of China’ on behalf of Subhash Chandra. Arote has been given its power of attorney.
Incidentally, this contract of tenancy comes a fortnight after a bloody clash between India and China in Ladakh, where 20 Indian soldiers were martyred on 15 June. Despite repeated attempts to talk to Zee’s spokesperson, the group did not respond.
Zee Media is aggressive against China and advocates a strict nationalist tone with boycott of Chinese products.
Zee Group founder Subhash Chandra is a non-executive director on the board of directors of the flagship company, Zee Entertainment.
According to the report, the lock-in period is for nine months and each party will have to give three months notice to conclude the agreement.
The bungalow is located in Jolly Maker 1, Mumbai, which is counted among the most posh areas in Mumbai city.
The report states that the deal was registered with the registration office in Mumbai on July 1, 2020, while paper work was done on June 29.
On June 15, Subhash Chandra gave Arote a specific power of attorney to carry out the lease and license work.
The Chinese consulate has paid Rs 58.80 lakh to Subhash Chandra through a check. The amount includes advance rent for nine months and a refundable deposit of Rs 14.70 lakh.
The ground floor of the bungalow has a living room and a kitchen. The first floor has three bedrooms and a child’s bedroom, while the second floor has one bedroom.
The real estate website reported that the rent per month of the bungalow is Rs 4.90 lakh. The carpet area of the bungalow is 2,590 square feet and the Chinese Embassy will also get two covered parks to use. The rent agreement is for two years starting from July 1, 2020 and ending on June 30, 2022.
The bungalow can be used by the Chinese consulate for residential purposes along with its officers, employees and guests.
The agreement also has a diplomatic clause which states that if any decision taken by the Republic of China or the Government of India results in the closure of the office of the Consulate General of the Republic of China at any time (lock- The agreement will expire, including in-period).
The relationship between China and India has been growing bitter since the incident in the Galvan Valley and anti-China sentiments have increased in the country since this incident.
The central government has banned several Chinese apps and removed Chinese companies from government contracts.
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