After a six-year hiatus, the newly constructed Kadri Market Complex in Mangaluru officially opened its doors on Monday. This long-awaited upgrade, initiated by the Mangaluru City Corporation (MCC), marks the relocation of 38 vendors who had been operating from makeshift stalls set up across the road.
The new marketplace, built at a cost of ₹12.3 crore, was jointly funded by the Karnataka Urban Infrastructure Development and Finance Corporation (KUIDFC) and MCC. According to MCC Revenue Officer Vijay Kumar, the provisional stalls will soon be torn down. “All shops from the temporary setup have now moved into the new structure. Our teams will proceed to disconnect electricity and water supply to the old units, which will then be demolished,” he confirmed.
Though priority was given to original vendors in the allotment of units, no special discounts were offered. All traders accepted the rent, which was calculated based on the prevailing government guidance rate. The complex houses dedicated sections for vegetables, flowers, poultry, seafood, and meat.
Of the total 40 shops, two have been earmarked for entrepreneurs from Scheduled Caste and Scheduled Tribe backgrounds. Additionally, two floors have been leased through a tender process, allowing businesses or offices to operate from the premises.
Construction began in 2019 after the area was cleared. While MCC contributed ₹3.6 crore, the majority—₹8.6 crore—came from KUIDFC. Both basement levels have been designated for two- and four-wheeler parking.
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