Special Purpose Vehicle firm – Penisular Builders and Developers Private Limited (A Joint venture by Planedge, Pune and Mangaluru-based Real estate developer Hindustan Promoters and Developers private limited) to build City Centre Mall – a Multi-Utility Facilitation Center (MUFC) in Belagavi under smart city project at the cost of Rs.98.25 crores in 3.15 acres land in the city.
On Monday (06 Nov), a ground breaking ceremony took place for the Multi-Utility Facilitation Center (MUFC) building in Dharmnath Circle in Ashok Nagar. The development of this building is a joint effort between Belagavi City Corporation and Belagavi Smart City Limited, under a Public Private Partnership.
The Belagavi City Centre mall is planned to encompass a total of 2.19 lakh square feet of built-up area, which will include office spaces, commercial outlets, food courts, and movie halls. The mall will consist of a basement, ground floor, and three additional floors.
The construction of the project will take place over a period of 36 months starting from now, and the concession period will extend for 30 years. This implies that the project will be fully completed by the year 2026.
| Floor | Area | Plan |
| Basement Floor | 88,608 sqft | 201 stack parking, Total 402 cars parking |
| Ground Floor | 77,400 sqft | 60 Shops, Capet area |
| Upper Ground Floor | 78,500 sqft | 70 shops, Corporation office, Carpet area |
| First Floor | 78,500 sqft. | 82 Shops, Office space, Carpet Area |
| Second Floor | 77,400 sqft. | 20 Shops, Multiplex, Food Court, Hotel, Offices |
| Third floor | 60,260 sqft | Multiplex, Gaming, Office, Hotels |
About Hindustan builders : Hindustan builders one of the most trusted and popular builders, developers and promoters in South India, that owns and manages a premium property portfolio of residential, apartments, Commercial complex, rental malls in Karnataka and Kerala, especially Kasargod district & Dakshina Kannada dist.
The company was established in Saudi on 1984. Then extended business to India. Our vision and approach towards organized and well planned development, technical expertise, global exposure has led to our growth.
