Makeover plan for municipal markets

There are 103 municipal markets in the city. According to the proposal,the share ratio between BMC and the developer could vary from 1:0.3 to 1:0.6 for markets in the island city. In suburbs,the ratio could vary from 1:0.3 to 1:1. If the proposal is approved by the Improvement Committee,18 municipal markets in the city and 20 others in suburbs will be handed over to private developers for redevelopment.

The Shiv Sena had opposed the revised market redevelopment policy,which was aimed at providing more benefits to the civic body than private developers,in December 2008.

The proposal to hand over municipal markets to private developers for redevelopment was first tabled in February 2004 but was opposed by the corporators stating that private developers were being benefited more than the civic body. Following this,a new formula had been devised to benefit the civic body,the original land owner of the markets.

Since 2005,BMC has been proposing to redevelop 36 markets and even had prepared annexure-II detailing final list of tenements.

The proposals were held back and were to be reworked using a new formula. However,corporators still have doubts about approving redevelopment under the amended policy following a few allegations.

The renovation of Crawford Market was given to some private players.But corporators have doubts about approving redevelopment under the amended policy.