Traders want to cancel Jayanagar- The New Indian Express complex

Express News Service

BENGALURU: As the project to rebuild three blocks of the popular BDA Mall in Jayanagar 4th Block nears the deadline, angry traders want the plan to be scrapped, as work has not even started. The 168 traders who have had to temporarily move to another completed building, are desperate to get back to their stalls.

The Rs 252 crore project, which was built after the demolition of the historic Putana Kanajal Theatre, had two theaters, among other fanciful proposals. These ideas have been put on hold and the first block was completed at a cost of Rs 56 crore in August 2016. While vendors have been temporarily relocated to this block from the second, third and fourth block, construction has not even started, although the premises are still fortified.

Based on vendor acknowledgments, Jayanagar MLA Soumya Reddy has asked BDA to consider minor renovations to existing buildings, and help vendors come back. “The issue has been discussed and BDA will likely give its approval,” a senior official said.

Explaining the reasons for the delay, the Secretary of the Jayanagar Shopping Complex Jagadish Dealers Association said that BDA Bank had not paid the NCC contractor and had taken it to an arbitration court. “The NCC has demanded that BDA pay Rs 117 crore in compensation for the delay, with interest. The renewal can be done for Rs 5-6 crore, and we can move on,” Jagdish said. Business is down.”

Reddy said the reasons are many. She accused “lack of government funds, political will and mismanagement of responsibility”. The battle of ego between bureaucrats also ensured that it would remain without beginning. “We organized protests and she raised the issue with the prime minister and others. She claimed there was a lack of interest in completing it.

A senior BDA official said the body was responsible for the construction and handover to the BBMP. “BDA will take 100% rent for 15 years to recover its costs, after which 75% of the rent will go to BBMP and the rest to BDA,” he said.

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