Although the newly constructed multi-purpose commercial complex within the premises of Kala Mandir was inaugurated nearly a month ago by Chief Minister Siddaramaiah, citizens are now eagerly awaiting the auction of its shops and commercial units.
The complex, built on land owned by the Belagavi City Corporation, falls under the management of the Belagavi Abhivruddi Society, which will conduct the lease auction process. This society is chaired by the Deputy Commissioner of Belagavi, with the Managing Director of Belagavi Smart City Ltd. serving as Vice Chairman and the City Corporation Commissioner as the Member Secretary. The Chief Collector of the society is Mohammad Roshan.
Sources from the Municipal Corporation confirmed that a recent meeting involving district-level office bearers discussed the auction process. However, no official date has been announced for when the auction will begin. The society has decided that 50% of the revenue generated through the commercial complex will be allocated to the City Corporation, while the remaining 50% will be retained by the society for the upkeep and maintenance of the complex.
Kala Mandir has long been a venue for literary and cultural events. Due to the deteriorating condition of the original structure, it was decided to redevelop the space into a multi-purpose commercial complex under the Smart City initiative. Planning for this began in 2015, and construction started in 2020. However, work faced delays due to court-related issues and the COVID-19 pandemic.
Located in the heart of Tilakwadi, a bustling commercial area that has seen continuous expansion, the complex is expected to draw strong interest from traders and entrepreneurs. Reports suggest that a Hyderabad-based company has expressed interest in leasing the entire complex, although no formal decision has been made. There is also curiosity about how many individual shops will be auctioned and what plans are in place for the auditorium and cultural spaces within the complex.
With its strategic location and upgraded infrastructure, the new commercial complex is poised to become a significant addition to Tilakwadi’s growing market landscape.