PropertyLease agreement Bare shell Technology Park Business centre Zone Urban Land Ceiling and Regulation Act (ULCRA)
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In finance, we often encounter the concept of freehold title, which refers to the ownership of a property that includes both the horizontal title above and below it. To ensure proper management of such properties, a common practice is to establish a management corporation, which is responsible for maintaining the shared facilities and areas. This arrangement is typically mandated by law and helps ensure the smooth functioning of the property.
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