Kadri Market Complex opens after six years

Time of India

2 days ago

Mangaluru: Six years after the closure of an old market at Kadri, the new Kadri Market Complex built by the Mangaluru City Corporation (MCC) opened on Monday. All the 38 merchants, who were carrying out business in temporary stalls provided by the MCC by the side of the opposite road, have shifted to the new facility.
The Kadri Market project was taken up for Rs 12.3 crore jointly through the funds from Karnataka Urban Infrastructure Development and Finance Corporation (KUIDFC) and MCC.
Vijay Kumar, revenue officer of the MCC, said that the temporary stalls will be demolished soon. "We have ensured that all shops functioning in the temporary building are shifted to the new building. Engineers and staff will take initiatives to disconnect the electricity and water supply to the temporary building.
Later, the building will be demolished. Meanwhile, all the merchants have commenced business in the new market complex," the officer said.
All merchants who were conducting business in the temporary stalls were given preference while auctioning shops, but no concession was given. All of them agreed to pay the rent, which was fixed as per the govt guidance value, in the new market complex. There are separate shops for flowers, vegetables, fish, chicken, and meat in the new complex.
Meanwhile, two floors of the complex have been given to individuals on a contract basis through tenders.
They may set up an office or any other business on premises, he said, adding that while there are 40 shops in the new market complex, two have been reserved for merchants from SC/ST communities.
The MCC availed Rs 8.6 crore from the KUIDFC to build the new market complex. Meanwhile, the city corporation invested Rs 3.6 crore for the project, which began after vacating merchants from the land in 2019. Both the lower and upper basements have been reserved for the parking of two-wheeler and four-wheeler vehicles.