KMC approves new terms for Park Circus Market traders' relocation

The Kolkata Municipal Corporation (KMC) has approved revised terms for the long-anticipated relocation of traders from Park Circus Market to Park Circus Maidan, paving the way for the market's demolition and redevelopment.

- SOUMYADIP MULLICK

KOLKATA:

According to KMC, the amendments, finalised in a recent Corporation meeting, aim to address trader concerns while ensuring regulatory compliance and smooth transition.

Under the revised terms, stallage fees prior to relocation will remain unchanged at Rs 5.00 per sq.ft per month for stalls and Rs 4.00 per sq.ft for slabs, in accordance with the Market department's existing rate schedule. To ease the financial burden during the interim relocation to Park Circus Maidan, fees will be reduced to Rs 2.00 per sq.ft for stalls and Rs 1.75 per sq.ft for slabs.