The Hindu 27.11.2010
MCC plans to renovate markets
Special Correspondent
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It will be done at an estimated cost of Rs. 40 crore |
The proposal is awaiting clearance from the corporation council
A place near the RMC yard has been proposed to put up existing traders from Devaraja Market
— PHOTO: M.A. SRIRAM
Awaiting repair:A view of Devaraja Market in Mysore.
MYSORE: The Mysore City Corporation (MCC) plans to repair and
renovate Devaraja Market, Vani Vilas Market and Mandi Market at an
estimated cost of Rs. 40 crore.
The proposal is awaiting clearance from the corporation council. The
plan entails comprehensive repair and renovation of the three markets to
serve the city’s long-term requirements.
While the cost of repairing Vani Vilas Market has been estimated at
Rs. 15 crore, repair and renovation of Mandi Market will cost Rs. 12
crore.
For the century-old Devaraja Market, the MCC has two proposals. The
first is to retain the existing façade of the structure and construct a
new complex within it, which will cost around Rs. 12.61 crore. The
second option will cost Rs. 27.04 crore and entails retention of the
heritage façade of the structure and adding two new floors apart from
creating basement parking. The cellar will be able to accommodate 250
cars and over 500 two-wheelers under the proposed plan. The authorities
in the MCC said the Bangalore-based Infrastructure Development
Corporation Karnataka (iDeCK) has projected that the local body would
get an annual rent of Rs. 3.68 crore under the first plan and Rs. 6.72
crore under the second. iDeCK has suggested that the renovation be taken
up by the MCC using its own resources or that it opt for public-private
partnership.
According to the MCC, creating basement parking facility at Devaraja
Market will ease traffic congestion around the market area, including on
Sayyaji Rao Road and Dhanvantri Road. The project consultants have
identified a place near the RMC yard to accommodate the existing traders
and businessmen who operate from Devaraja Market. There are nearly 725
shops in the market and the MCC gtets an annual rent of Rs. 41.71 lakh.
Similar arrangements will be made for the existing tenants in Vani Vilas
Market, which has 159 stalls.
While Devaraja Market is patronised by the public, Vani Vilas Market
was constructed in the 19th century and is in a dilapidated state. Mandi
Market too is more than 100 years old, and with nearly 160 stalls,
serves people in the old city area, including Nazarbad and Bamboo
Bazaar. A portion of the market collapsed in the 2006 rains. Hence, the
structure needs reinforcement.
