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.
Related News Articles
Raymond's Real Estate Venture Receives Thumbs Up for Demerger, Eyes Rs 25,000 Crore Revenue
Raymond Realty, a subsidiary of Raymond Ltd, has launched its first joint development agreement project in Bandra, Mumbai, and is set to demerge from its parent company to unlock its growth potential.
Luxury Living in Mumbai: Bollywood's Ronit Roy Snaps Up INR 18.94 Crore Apartment
Bollywood actor Ronit Roy acquires a luxury apartment in Versova, Mumbai, underscoring the city's robust real estate market, which has seen a rise in property sales despite rising mortgage rates.
Property Registration Scandal: 796 Documents Under Scrutiny for Violating Real Estate Laws
The registration department is investigating 796 property registration documents for non-compliance with real estate regulations, sparking concerns among developers and buyers.
Celebrating Maharashtra's Business Excellence: Global Awards Hosts Maharashtracha Business Tycoon Award 2024
Maharashtra's business community gathered at the Four Points Sheraton Hotel Pune Viman Nagar to celebrate the achievements of outstanding business leaders.
Luxury Living: Marico MD Saugata Gupta Snaps Up Rs 36.4 Crore Apartment in Mumbai's Worli
Saugata Gupta, MD of Marico, buys 4372 sq ft apartment in Worli for Rs 36.4 crore, highlighting Mumbai's strong property market performance.
Maharashtra Government Approves RRP Electronics Semiconductor Project
The Maharashtra government has approved the RRP Electronics semiconductor project, which is expected to boost the state's economy and create new job opportunities.