Lucknow Municipal Corporation Plans ₹70-Crore Commercial Complex to Boost Revenue
LMC eyes ₹70-crore commercial complex to monetise unused land
Hindustan Times
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The Lucknow Municipal Corporation (LMC) is set to develop a ₹70-crore commercial complex on unused land near the family court. This initiative aims to generate steady revenue through a public-private partnership model, transforming the site into a commercial hub with modern facilities.
- 01LMC plans a ₹70-crore commercial complex on underutilised land.
- 02The project will cover approximately 5,000 square metres.
- 03It will include office spaces, commercial units, and institutional areas.
- 04The development will be executed under a public-private partnership model.
- 05LMC seeks financial assistance from the Urban Challenge Fund.
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The Lucknow Municipal Corporation (LMC) is planning to construct a ₹70-crore commercial complex on a 5,000 square metre plot of underutilised land near the family court on Balakadar Road, aiming to enhance its revenue generation. This land has been largely unused for years and is currently designated for material storage. The proposed complex will feature a mix of office spaces, commercial units, and institutional areas, with the exact layout and number of shops yet to be determined. The project will be developed under a public-private partnership (PPP) model, allowing LMC to lease the complex to a private operator for long-term revenue without operational burdens. LMC's chief engineer, Mahesh Verma, indicated that the structure will consist of a basement and six floors (G+6) with modern facilities. To support the project financially, LMC plans to apply for funding from the Urban Challenge Fund, which offers up to 25% assistance for urban infrastructure projects. Municipal commissioner Gaurav Kumar stated that the project is still in the planning phase, with further steps contingent on proposal approval.
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The development of the commercial complex is expected to create jobs and boost local businesses, contributing to the economic growth of Lucknow.
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