Finally,the much-awaited night market in the city is set to be thrown open to public by the end of August with the Vadodara Municipal Corporation (VMC) preparing to issue an advertisement for their auction within a day or two.
A special committee formed for the auction of stalls has fixed the offset value or the minimum annual rent of Rs 8 lakh for big stalls and Rs 4 lakh for small stalls,VMC officials said on Monday. There are 12 big and 20 small stalls in the special food and beverages zone which has come up near VUDA circle. The market will remain open from 5pm to 4pm.
Baroda Dairy is paying VMC Rs 3.3 lakh per year in rent for its Sugam stall (selling dairy products) in Sayaji garden. We have taken this amount as the base price to arrive at the offset value of stalls in the night market, land and estate officer at land and estate (commercial) department of VMC,Suresh Tuver,told The Indian Express.
The public auction likely be held in mid-August. Tuver said the civic body would finalise bidders within next two-three weeks. Our target is to finalise bidding parties by August 15 and wind up the process of auction and allocation of stalls by the end of next month, he said.
Of the 12 big stalls,four are to be allotted to international food brands,four to national food franchises and the remaining four to local brands. The 20 small stalls will be up for grabs for those serving local traditional dishes and beverages.