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Will pay Rs 50 crore for restoration, says Esplanade Mansion landlord

With matter to be discussed in HC today, some tenants have already expressed a willingness to pitch in

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The cost of restoring the heritage structure is yet to be finalised in court. File pics

The cost of restoring the heritage structure is yet to be finalised in court. File pics

A week after a division bench of Justice S J Kathawalla and Justice B P Colabawalla asked Esplanade Mansion landlord Sadiq Ali's advocate, Cherag Balsara, to find if the former will contribute Rs 50 crore for the heritage structure's restoration, a source close to Ali said he has agreed to bear the cost.

A few tenants, too, will pitch in. The source further said that the decision would be communicated to the judges during the hearing today. "The landlord is willing to expend '50 crore for the project involving the restoration work, which will also include contributions from other bonafide tenants," the source added.

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