Mangaluru: A six-storeyed market-cum- commercial complex was inaugurated here Sunday by state Urban Development and Housing Minister and Dakshina Kannada district-in-charge U T Khader.

The 5,400-square-foot building was jointly constructed by Mangaluru Urban Development Authority (MUDA) and Mangaluru City Corporation (MCC) at a cost of Rs 12.62 crore.

The complex has 122 shops.

In the inaugural speech, Khader said the city was on the path of fast development as a smart city and congratulated the chairman of the Authority Suresh Ballal and former MLA J R Lobo who had initiated the project.

Also, he appreciated the team of engineers in the Corporation for completing the work in a short period.

MLA Vedavyas Kamath, Member of the Legislative Council Ivan D Souza, Mayor Bhaskar Moily and Dakshina Kannada district deputy commissioner Sasikanth Senthil were among those present.