Tripunithura municipality approves draft proposal to lease space at idle malls
The malls are T K Ramakrishnan Memorial Mall, located at Kannankulangara, built at a cost of Rs 10 crore and A G Raghava Menon Memorial Mall on Polakkulam Road was constructed for Rs 8.5 crore. The malls, constructed more than five years ago using local body funds, remain largely unused since their inauguration in 2020.
According to the municipal council's decision, the local body decided to move away from the centralised mall model after repeated efforts to find a single operator failed.
The project will be decentralised to rent out individual spaces within the malls. "We have also invited opinions from the public over the operation of the malls. The project will be implemented after assessing suggestions from the public," said municipal chairperson Rema Santhosh.
The decision comes as there was lack of interest from private entities to operate the malls in the centralised format. A recent audit report suggested this move, noting that the prolonged non-operation of malls resulted in significant revenue losses to the municipality.
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