KalaMandir in Shukurwar Peth Tilakwadi which was built by the city corporation and is also maintained by them have decided to rebuilt it as a 4 storeyed shopping complex.
To increase the income of the corporation it has been decided that 7 sites will be converted into shopping complexes or will be used for commercial use hence getting in some money.
KalaMandir will be rebuilt as a shopping complex under the Built Operate and Transfer model. For the work to begin the proposal will have to be passed in form of a resolution in the City corporation and then the work will commence.
Recently there was a demand that KalaMandir be renamed after the Late Dr.Vishnuvardhan but it seems this has taken a back seat as the same will be broken down in time to come.