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To rent, lease or own?

The trustees of the Bombay Parsi Punchayet (BPP) are debating whether to continue with the policy of auctioning rental flats or giving them to the most deserving. Under the previous boards, a person desirous of shifting out of a BPP flat would be compensated by around 50% of the value of the property by the new entrant; the balance 50% being handed over to the trust as a part deposit, part donation. The justification offered by the former BPP trustees was that if a pragmatic approach was not adopted, very few, if any, would legally forego their tenancies. Unauthorized......



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Villoo Poonawalla