Maha-Metro Partners with Realty Brokers to Lease Business Spaces at Stations
Pune: The Maharashtra Metro Rail Corporation Limited (Maha-Metro) will collaborate with real estate brokers to lease properties at select stations, generating revenue through property business spaces.
MahametroRealty BrokersProperty Business SpacesMetro StationsRevenue GenerationReal Estate MaharashtraSep 08, 2024
The corporation plans to lease small (less than 100 sqm) and large property business spaces (more than 100 sqm) on a long-term basis. As part of this initiative, Maha-Metro floated a tender on September 1, with a pre-bid meeting scheduled for Monday.
According to Hemant Sonawane, Executive Director (Administration and Public Relations), Maha-Metro,
Frequently Asked Questions
What is Maha-Metro's plan to generate revenue through property business?
Maha-Metro plans to lease small and large property business spaces at select stations on a long-term basis.
How many property business spaces are available for lease?
There are 38 small and 24 large property business spaces available at 23 metro stations.
What types of businesses are allowed at licensed premises?
Permitted businesses include departmental stores, discount stores, daily needs shops, retail and general stores, restaurants, and fast food stalls, among others.
How long is the lease period for property business spaces?
The lease period is nine years.
What is the purpose of the pre-bid meeting scheduled for Monday?
The pre-bid meeting is scheduled to provide clarification on the tender floated by Maha-Metro on September 1.
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