The city corporation in the month of August has passed a resolution that KalaMandir, Shukurwar peth be develpped as shopping mall with multiplex, food court and family entertainment centre at Kalamandir Premises, Tilakwadi.
Proposed project details
Extent of land – 7800 sqm
Considering 60% – 4680 sqm i.e. 4600 sqm
Extent of proposed construction:
Basement for parking – 4600 sqm
Ground floor for shops – 4600 sqm
1 st floor for shops – 4600 sqm
2 nd floor for family entertainment – 4600 sqm
3 rd floor for food court – 4600 sqm
4 th floor for multiplex – 4600 sqm
Total built up area – 27600 sqm
Total cost of construction = Rs.4462.00 lakhs
Income from Rent
1) Parking Fee in – 4600 sqm
Basement parking 250 vehicles x Rs.25/6 hrs x 2 shifts x 30 days
= Rs.3.75 lakhs per month
2) Rent from Shops = 4600 sqm x Rs.400/sqm/month in Ground Floor = Rs.18.40 lakhs/month
3) Rent from Shops = 4600 sqm x Rs.400/sqm/month in First Floor = Rs.18.40 lakhs/month
4) Income from family = 4600 sqm x Rs.350/sqm/month Entertainment in = Rs.16.10 lakhs/month
Second Floor
5) Rent from Food Court = 4600 sqm x Rs.350/sqm/month
In Third Floor = Rs.16.10 lakhs/month
Income from multiplex = 4600 sqm x Rs.350/sqm/month
in Fourth Floor = Rs.16.10 lakhs/month
Total revenue per month from the project = Rs.88.85 lakhs.
Total Project cost = Rs.5495.00 lakhs
Hence the project is viable and proposed on PPP model with ULB contribution from private investor or through Government soft loan. The Commissioner has stated that KUIDFC has appointed financial consultant to study feasibility of the project.
After discussion it was unanimously resolved to approve to take up the work of construction of shopping mall with multiplex, food court and family entertainment centre at Kalamandir premises, Tilakwadi Belgaum either on BOOT basis or through Government soft loan as suggested by financial consultants appointed by KUIDFC.
Instead, make a park or a GREEN AREA, plenty of trees are been cut down in the making of the wider road. Instead, a MINI FOREST or Botanical Garden can stand up in that area, make an “OXYGEN ZONE”, people require clean air rather than a mall.
I totally agree with Maddy.
It is none of business of CCB to run business. Concentrate on infrastructure, roads,sanitation, garbage management, beautification and the investment will automatically pour in. If try a hand in it it will be desaster.
Good praposal I feel azad cinema will be rebuilt
Good proposal, infrastructures should also be developed side wise and needs an over bridge on 1st gate looking towards increase in quantum of traffic increasing after this mall.
Why concenrate on Malls, The city develops when we have good amineties and infractures and not by having shopping Malls. City Coporation and Ministers please concenrate more on Roads, Gardens,Skating Ground, Siwiming Pools, Basket Ball grounds, Musical Gardens, Water Ponds in Garden, Rain water harvesting in Garden etc.
Making of Water Bills through meter reading, Adding diveders to the existing Road