The new Kadri Market Complex built by Mangalore City Corporation (MCC) has opened finally after six years. The Kadri Market project was taken up for Rs 12.3 crore jointly through the funds from Karnataka Urban Infrastructure Development and Finance Corporation (KUIDFC) and MCC.
All the 38 merchants, who were carrying out business in temporary stalls provided by the MCC are shifted to the new building. Engineers and staff will take initiatives to disconnect the electricity and water supply to the temporary building. Later, the building will be demolished. Meanwhile, all the merchants have commenced business in the new market complex. The merchants were given preference while auctioning shops, but no concession was given. All of them agreed to pay the rent, which was fixed as per the govt guidance value, in the new market complex. There are separate shops for flowers vegetables, fish, chicken, and meat in the new complex.