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Lucknow civic body to raze 515 shops for commercial complex, Real Estate News, ET RealEstate

Lucknow civic body to raze 515 shops for commercial complex, Real Estate News, ET RealEstate
LUCKNOW: Lucknow Municipal Corporation will demolish about 515 shops under its jurisdiction in Kaiserbagh to construct a commercial complex in the area. Similarly, another commercial unit is proposed to be constructed near Samta Mulak Chowk.

According to LMC officials, the civic body had rented around 515 shops to local traders and shopkeepers in 2002. As per LMC records, the agreement with the shopkeepers ended in 2010, but shopkeepers were allowed to operate with a fixed rent amount every month.

However, LMC House recently passed a proposal to construct a commercial complex on the land. The House also approved the construction work of another commercial complex near Samta Mulak Chowk, Gomtinagar.

Additional municipal commissioner Amit Kumar has already directed officials to prepare a blueprint for the projects. As per LMC officials, total estimated cost of the project is Rs 50 crore.

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