Bangalore: The Central Muslim Association (CMA) which lost a portion of its prime property in the heart of Bangalore city, to the Metro Rail project is now looking at new avenues. The Metro Corporation acquired 21,000 sq feet at Rs 29 crores from CMA, the remaining portion of 19,000 square feet is still with the CMA and the organisation is getting an annual rent of Rs 81 lakhs from this portion of the property. The fair compensation received has been spent judiciously and carefully with an investment on a property situated in Jayanagar second block at Das compound and the property opposite Das compound. The major portion of the land acquired will get a facelift with a commercial complex to be constructed by Bangalore’s Prestige Group, while the smaller portion where an hostel is likely to come up will be developed by India Builders Corporation(IBC) chairman, Ziaulla Shariff in the memory of his mother. The foundation stone was laid for the construction of the hostel building on January 5, by the Minister for Minorities affairs, K. Rahman Khan. Both the shopping complex and the hostel building are likely to be completed within 18 months.
AUTHOR: Islamic Voice
Islamic Voice is a monthly Islamic magazine published in Bangalore. It is the largest English language Muslim publication in India. It is a comprehensive magazine, places a relatively high emphasis on social issues and strives to have a broad appeal. Since 1987, Islamic Voice has covered its fascinating namesake without fear or favour, with insight, accuracy, thoroughness and a well rounded perspective on a variety of subjects - be it the economy, politics, lifestyle, the arts, entertainment, travel, science, technology or health. That's why Islamic Voice is the country's most widely read publication, a position it has held for more than a decade. And that's why it makes sense to subscribe to Islamic Voice. We represents all Muslim sects and shades of thought from all over India. We focus on "our" triumphs which, mostly, go unreported as well as constructively addresses our failures and shortcomings. Editor-in-Chief: A.W. Sadatullah Khan Genre: Current Affairs associated with Muslims Subjects Covered: Human Rights I Analysis I Special Reports I Issues I Book Reviews I National I International I Newsmakers I Community News I Islamic Perspectives I Classifieds I Opinions Focus articles on: Education and Children I Inter-faith Relations I Matrimony I Muslim economy I Muslim Perspective I The Muslim world I Society I Travel I The Western viewpoint I Women in Islam Special focus on Faith and Law: Fiqh I Hadith I Quran