Noida: Nearly a year after a failed attempt to lease an entire street market to a single private operator, 19 kiosks there between Botanical Garden Metro Station and GIP Mall are set to be allotted to individual applicants by the Noida Authority.“A request for proposal was issued last year. Many bidders failed to meet the eligibility criteria. The authority has now decided to relax the requirements and allot the kiosks individually. Bidding is scheduled to commence in two weeks,” said the officer on special duty, Noida Authority, Indu Prakash Singh.Developed along DSC Road at a cost of around Rs 3 crore, the street market has seating areas and roadside parking for more than 100 vehicles. With Sector 18 market and Atta Market in close proximity, the area is set to witness substantial footfall.In Oct last year, the Authority invited bids from private firms to operate all 19 kiosks under a single lease agreement for an initial seven-year term, extendable to 10 years. The tender required an earnest money deposit of Rs 12 lakh, while the annual lease rental was fixed at Rs 1.28 crore, working out to nearly Rs 56,000 per kiosk every month. The high rental proved to be a deterrent.Under the revised plan, the kiosks will be leased for five years, with a provision for extension, and the monthly rent for each kiosk is expected to be between Rs 40,000 and Rs 50,000.While no business category has been specified, officials said the kiosks may be used to sell food and beverages, gift items, clothing, electronics and similar items in retail outlets.Meanwhile, unauthorised vendors are selling garments, helmets, shikanji and other items in the market’s parking area.
