The demolition of Puttanna Kanagal theatre in Jayanagar is likely to commence on July 23.
The landmark buildling will pave way for a proposed mega shopping complex, The BBMP and BDA will jointly execute the project. On Friday, Mayor D Venkatesh Murthy, MLA B N Vijay Kumar, BBMP Floor Leader N Nagaraju and the Palike officers inspected the theatre and adjoining areas.
The officers apprised the Mayor of the project which will be taken up by the BDA on Build, Own, Operate and Transfer (BOOT) basis. It will be handed over to the Palike, the owner of the property after 15 years.
The proposed structure, estimated to cost Rs 193 crore, will have four blocks. Block-1, which will come up where the theatre is existing, will have two basements, a ground floor and six storeys, the officers said.
The Palike will shift Janata Bazaar, vegetable market, cold storage unit and a nationalised bank in the Block-1 to the new building, before taking up work on Block-2, 3 and 4. The five-floor Block-2 will have three basements and a ground floor. It will also have two multiplexes and a theatre, besides a multi-level car parking.
Block-3 will have three basements, six floors including ground floor. Similarly, Block-4 will have three basements and five floors including ground floor.
Later, the mayor told mediapersons that Puttanna theatre was taken up for renovation but nothing was done and it remained locked for many years. “Now, we have elaborate plans for the theatre as well as the complex at an estimated cost of Rs 193 crore.”
Legislator Vijay Kumar said the new building will be, however, will be named after Puttanna Kanagal.