Chennai civic bodys commercial complexes remain vacant and struggle with low revenue

The Greater Chennai Corporation rents out 3,727 shops in commercial complexes in 150 prime locations, which should ideally thrive in a city known for its love of malls and shopping. Despite being located in prime areas like T Nagar, Central, Anna Nagar, Ashok Nagar, and Alwarpet, these complexes struggle to attract customers, generating less than half of the ?20 crore annual revenue targets. Many shops remain vacant, while vendors in occupied spaces owe nearly ?9 crore in dues but continue to operate. 
Most of the GCC's commercial shops, ranging from 70 to 1 sqft are rented at a subsidized rate of ?10 per square foot. The largest complex, Moore Market near MGR Central, is in disrepair, with over 200 of its 400 shops shuttered. The unpopularity stems from GCC's failure to modernize its complexes with global brands and diverse shopping options. They also lack basic amenities such as parking, lifts, digital signage, toilets, and proper maintenanance. "GCC should demolish and rebuild these complexes with modern amenities like glass windows, air-conditioning, and varied shop sizes to attract businesses like hotels, merchandise stores, and gaming zones for Kids. 
 

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