Seeking to boost its sources of revenue, the cash-strapped North Delhi Municipal Corporation made the proposal in its annual budget tabled by its Commissioner P K Gupta today.
"Yes, we have firmed up plans to replace the dilapidated market into a swanky complex, like a mall or something. The proposal has been sent to DDA's Technical Committee for considering change of land usage," Gupta said.
Built in the 1950s, the veritable city landmark was named after the wife of first Prime Minister Jawaharlal Nehru.
"Commercial spaces like Kamala Market and Ghaffar Market, only couple of storeys high and built years ago, have now grown decrepit and are occupying space. By replacing them with modern commercial complexes we seek to utilise the space as well as increase the revenues for the civic body," NDMC Standing Committee Chairman Mohan Bhardwaj told PTI.
The budget has also proposed to redevelop municipal quarters in Bungalow Road in north Delhi's Kamla Nagar into a commercial centre. NDMC has also sent this proposal to DDA for change of land usage, he said.
He said as per Kamala Market redevelopment plans, "all the building byelaws would be taken into consideration, for deciding the height and number of storeys of the proposed complex."
"We will also see if the clock tower can be preserved," he said.
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