Kochi corporation increases rent for stalls in new Ernakulam market
Corporation council, which met last month, gave approval for increasing rent to Rs 45 per square foot from the earlier Rs 20.
Revised rates will be collected from stall owners from July, it is learned.
This rate is applicable to existing vendors, while those who procure stalls on rent through fresh tenders will have to pay Rs 120 per square foot.
Construction of the 19,822.14 square metre complex began in Feb 2022 and new market was inaugurated in Dec 2024. The project was completed using Rs 75 crore given by Cochin Smart Mission Ltd (CSML).
Basement is allocated for parking. Ground and first floors have been allocated for existing vendors. First floor has space for an electrical room and FMP (fast-moving products) section, while sewage treatment plant is provided in the basement.
Second and third floors are currently open spaces with no partitions, providing ample commercial or office space. This can be allotted to vendors through fresh tenders.
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