Property worth lakhs of rupees was damaged in a fire mishap that took place in the morning hours at SRT Nagar vegetable market at Borabanda in Hyderabad.
According to fire department sources, nearly 100 shops and 150 pushcarts, besides an auto-rickshaw, were reduced to ashes in the blaze.
Preliminary estimates by the fire department personnel have put the loss at Rs. 50 lakhs. The fire department officials stated and added that the true extent of loss can be correctly determined after taking the goods which were stored in the shops into account.
Officials said that being Sunday, the shops were shut, and hence correct estimation of the losses would be made later.
According to sources, the fire mishap that might have been caused due to short-circuit which sparked off the fire in one shop in the wee hours of the morning.
The fire soon spread to other shops and reduced them to ashes. 3 fire tenders from Sanathnagar were pressed into service to put off the flames. The blaze was brought under control after a struggle of more than 2 hours.
However, no human casualties were reported in the mishap.