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
Mumbai Real Estate Developer and CEO Embroiled in ₹13.65 Crore Fraud Case
A Mumbai-based real estate developer and CEO have been booked for allegedly forging documents and duping a partner of ₹13.65 crore in a Bhandup land deal.
Mumbai Property Registration Revenue Surges 52% YoY to Rs 1,081 Crore This Diwali
According to data from the Inspector General of Registration (IGR), Maharashtra, property registrations in Mumbai witnessed a remarkable 22% year-over-year increase, with 11,861 homes registered in October 2024, compared to 9,736 in November 2023.
AI Bubble Deflating: Zoho's Sridhar Vembu Stresses Importance of Real Engineering Work
Zoho CEO Sridhar Vembu discusses the potential deflation of the AI bubble and emphasizes the enduring importance of real engineering work in the tech industry.
ED Seizes ₹19.61 Crore from Karrm Developers Linked to Vivek Oberoi in Real Estate Scandal
The Enforcement Directorate (ED) in Mumbai has taken action against Karrm Developers, a real estate firm associated with actor Vivek Oberoi, by seizing assets worth ₹19.61 crore. The action is part of an ongoing investigation into financial misconduct in the affordable housing sector.
Mumbai Sees Record-Breaking Property Registration in March 2025
Mumbai witnessed a surge in property registration in March 2025, driven by the impending hike in reckoner rates set to take effect from April 2025. This surge highlights the robust demand in the city's real estate market.
Private Equity Investments Fuel 133% Surge in Real Estate Deal Volumes in Q1 2025
Real estate deal volumes soared by 133% in the first quarter of 2025, driven predominantly by private equity (PE) investments, which accounted for 88% of the total transactions.