Srinagar, Oct 03: Jammu and Kashmir Chief Minister Mufti Mohammad Sayeed has launched a Rs 100 crore multi-purpose shopping arcade and haat bazar project here. "Srinagar is the heart of the state and it must be made beautiful with modern market facilities for locals as well as tourists. The project is a coming landmark of the summer capital," he said at the launch yesterday. Covering an area of six acres, the first phase of the project would be completed in five years at a cost of Rs 75 crore. It would house shops, restaurants, snack bars, kiosks, showrooms, offices and provide parking for 450 vehicles. The second phase will have an amusement park, coffee shops, auditorium and banquet hall among other things. Describing the project as a "revenue-yielding asset", Mufti sought its funding by organisations such as Hudco, LIC and Nabard to ensure the work is completed on time.
Calling for better coordination between various departments to provide improved civic amenities in the state, the Chief Minister mentioned the haphazard growth of residential areas and said no illegal construction would be allowed.
Bureau Report