Hyderabad, Feb. 10 -- With property running in several crores reduced to ashes, the traders at the Madina & Abbas Complex where fire broke out on Sunday night, February 9, now stare at a bleak future. The traders had stocked huge merchandise in view of the approach of Ramzan month at the Hyderabad market of wholesale and retail shops dealing in textiles, readymade garments, hosiery and handlooms.

Local traders from Telangana, Karnataka and Maharashtra visit the Devan Devdi market where the complex is located and purchase the merchandise for their retail business.

Hyderabad shops and godowns gutted

"New stocks started arriving at the market in the last week. On the third floor, there are godowns and some retail/wholesale shops. Due to f...