Company : Mangaluru City Corporation
Location : Kannada
Status: Planning Stage
Mangaluru City Corporation is planning to construct a market-cum-commercial complex (G+4 floors) at Urwa Market, Mangaluru, dist. Dakshina Kannada, Karnataka. Mangaluru Urban Development Authority (MUDA) will build the complex. The estimated cost of the project is Rs. 117.5 million. The project is waiting for Government approval. DPR has been prepared & submitted for technical sanction. Work on the project is expected to commence in June 2016. The project is planned for completion in 18 months from zero date. According to media reports, the corporation had handed over 68 cents of land at Urwa Market to MUDA for 35 years. The complex will be built on 55.4 cents. The draft agreement between the two bodies for building the complex is ready. It would have to be signed between the two bodies. The existing traders at Urwa Market would be re-located to a temporary structure before taking up the project. Nirmiti Kendra would build the structure for Rs. 1.6 million. The vegetable, flower, fruit and fish market of the corporation at Urwa stores would also be re-built by MUDA as a market-cum-commercial complex at an estimated cost of Rs. 260 million. This project would be taken up after the Urwa market project. The moves are on re-build the central market and Kankanady market in a modern way. The concept plans of both the projects are ready. Its feasibility reports are yet to be prepared.