Many reports about the closure of Janata Bazaar on K.G.Road is doing rounds.  Reports claim that the department has planned to raze the complex which is popular among middle-income groups in Namma Bengaluru.  The authorities are considering demolishing the 83-year-old building. The building is operated by Karnataka State Co-operative Consumers Federation (KCCF) which is paying monthly rent to PWD.  This agreement is 50 years old and is renewed every year.  The plan is to make way for a multi-story commercial complex.

The sheets have been put all around the building, cordoning it off from public view and the four main gates leading to it have been closed off.  A small gate on the side serves as the only means of access to the building.

It is learned that how the erstwhile Sri. Kantirava Narasimharaja Wadiyar, Yuvaraja of Mysore took the decision to have the Asiatic Company, a life insurance pioneer, in this building on September 11, 1935.  The Maharaja and his successors were very keen to provide insurance to all ministers in their court and to the people who worked at the place.

Janata Bazaar, a pre-independence structure is a sturdy one with interesting architecture.  There are teak staircases and thick stone walls.

A few months ago, the Public Works Department sent a notice to KCCF, which runs the Janata Bazaar, directing it to shut down the facility as the building is old and plans are afoot to construct a multi-story commercial complex in its place.

Efforts are being made t save the structure.  In recent days, the Indian National Trust for Art and Cultural Heritage (INTACH), Bengaluru moved the High Court to declare the Asiatic building a heritage structure and stop authorities from demolishing it.

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