Mangaluru: The Mangaluru City Corporation has proposed to build a modern market-cum-commercial complex at Mallikatta at an estimated cost of ₹ 12.30 crore by demolishing the existing small market.

J.R. Lobo, MLA, Mangaluru City South, laid the foundation stone for the project, along with Mayor K. Bhaskar Moily here on Monday.

The building, to be built on 45 cents of land, will have a floor area of 75,112.98 sq ft. The multi-storey building will have lower and upper basements, lower and upper ground floors and three more floors.

According to K.S. Linge Gowda, Deputy Commissioner (Development) and Superintending Engineer (in-charge), parking will be provided in the lower and upper basements. It will be possible to park around 70 vehicles.

The upper ground floor will have a vegetable market, with 36 shops. The lower ground floor will house a non-vegetarian market with 28 shops. There will be shops and offices in the first, second and third floors.

He told that the existing shopkeepers will be temporarily shifted to the roadside opposite the market. Facilities will be created for about 35 such shops.

Speaking on the occasion, Mr. Lobo said that the Cabinet has approved the project, and now the government has sanctioned ₹ 5 crore to it as first instalment. The total budget will go up to ₹ 16 crore after adding the Goods and Services Tax. The alternative temporary market will be built at an estimated cost of ₹ 60 lakh.

He said that the on-going Urwa Market project, near Mannagudda, will be completed soon. The corporation will also build a modern market-cum-commercial complex at Urwa Stores.

It has been proposed to rebuild the Central Market under the smart city mission. A market building is being built at Alake.

Earlier, Mr. Lobo inaugurated the renovated crematorium at Nandigudda. A compound wall, garden, interlocks, and six burning chambers have been built. With four old burning chambers, now the crematorium has 10 chambers. Drinking water facility has also been provided. The renovation has been done at a cost of ₹ Rs. 72 lakh.

The MLA also inaugurated the city corporation’s ward office at Valencia built at a cost of ₹ 45 lakh.