Maha-Metro Teams Up with Realty Brokers to Lease Business Spaces at Stations
Maha-Metro partners with real estate brokers to lease properties at selected stations and generate revenue through property business spaces.
MahametroReal EstateProperty Business SpacesMetro StationsMaharashtra Metro Rail Corporation LimitedReal Estate MumbaiSep 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 has floated a tender on September 1, with a pre-bid meeting scheduled for Monday.
According to Hemant Sonawane, Executive Director (Administration and Public Relations) at Maha-Metro, the corporation has shared details of the tender on its website, and applicants are also welcome to conduct on-site visits. The lease period is expected to be nine years, with six spaces initially up for bid. There are 24 large spaces and two independent property development (PD) floors at metro stations available for lease.
The activities allowed at licensed premises will be governed by Maha-Metro, with permitted businesses including departmental stores, discount stores, daily needs shops, retail and general stores. Restaurants and fast food stalls are allowed, but only electric-based reheating will be permitted. Other allowed facilities include offices, i-banks, e-lounges, coaching and computer training centers, clinics, salons, gyms, healthcare facilities, legally approved entertainment and gaming, showrooms for consumer goods, ATMs, and vending machines.
The partnership with real estate brokers is expected to attract a range of businesses to the metro stations, providing passengers with a convenient and enjoyable experience. With 38 small and 24 large property business spaces available at 23 metro stations, Maha-Metro is confident that this initiative will contribute significantly to the growth of the local economy.
In addition to generating revenue, the leasing of property business spaces is also expected to enhance the overall aesthetic appeal of the metro stations. With a range of businesses set to operate at the stations, passengers can look forward to a more vibrant and engaging environment.
As Maha-Metro continues to work towards providing a world-class metro system, the partnership with real estate brokers is a significant step forward. By leveraging the expertise of real estate professionals, the corporation is well-positioned to maximize the potential of its property business spaces and create a thriving ecosystem at its metro stations.
Maharashtra Metro Rail Corporation Limited (Maha-Metro) is a joint venture company established by the Government of India and the Government of Maharashtra to develop and operate the metro rail system in the state. The corporation is responsible for designing, building, and operating the metro rail network, with the aim of providing a safe, efficient, and reliable mode of transportation to the people of Maharashtra.
Tags Maha-Metro, real estate, property business spaces, metro stations, Maharashtra Metro Rail Corporation Limited
FAQs
Q What is the purpose of Maha-Metro's partnership with real estate brokers?
A The partnership aims to lease properties at selected stations and generate revenue through property business spaces.
Q How many property business spaces are available for lease?
A There are 38 small and 24 large property business spaces available at 23 metro stations.
Q What types of businesses are allowed at licensed premises?
A Permitted businesses include departmental stores, discount stores, daily needs shops, retail and general stores, restaurants, and fast food stalls, among others.
Q How long is the lease period for property business spaces?
A The lease period is expected to be nine years.
Q What is the expected impact of the partnership on the local economy?
A The partnership is expected to contribute significantly to the growth of the local economy by attracting a range of businesses to the metro stations.
Frequently Asked Questions
What is the purpose of Maha-Metro's partnership with real estate brokers?
The partnership aims to lease properties at selected stations and generate revenue through property business spaces.
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 expected to be nine years.
What is the expected impact of the partnership on the local economy?
The partnership is expected to contribute significantly to the growth of the local economy by attracting a range of businesses to the metro stations.
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