CMC auctions stalls, makes huge profit

CMC auctions stalls, makes huge profit

Speaking to presspersons, CMC Commissioner Shashikumar said that from the 55 stalls (barring IDSMT scheme stalls), the CMC was fetching Rs 53,770 in a month in the past. However, with the auctioning of the stalls, the CMC will fetch Rs 3.75 lakh per month. With this, a sum of Rs 38.64 lakh will be fetched by the CMC in a year.

“With the increase in the income from the stalls, the CMC can undertake development works in the future,” he said.

The merchants have taken 55 stalls in bus stand, college road and market places through auction. All the 22 stalls at bus stand have been auctioned. This include 17 stalls for general category and five for SC/ST category. The eight stalls in College road have been sold. This include six for general category and two for SC/ST.  There are 25 stalls in Markets. They have been given to 22 general and 3 SC/ST, he informed.

Under Integrated Development of Small & Medium Towns (IDSMT) Scheme, as many as 41 stalls were constructed. Of which, only four stalls have been auctioned. Several merchants did not show interest in it as it was costly, said Shashikumar. The stalls will be auctioned as 33 for general, 7 for SC/ST, one for disabled. The remaining 37 stalls will be re-auctioned.

The date for re-auction will be decided at Council meeting.

On a whole, a total of 60 stalls have been auctioned. The CMC is expecting an annual income of Rs one crore from these stalls. By renewing the trade licenses, the stalls will be given to the merchants in the past. As a result, the CMC was incurring loss.

A citizen who had filed a petition in the court had questioned it. The court directed the CMC to go for open auctioning of the stalls instead of renewing the trade licenses.