Maha-Metro to Lease Business Spaces at Stations, Partners with Realty Brokers
Pune: Maha-Metro to tie up with real estate brokers to lease properties at selected stations and generate revenue through property business spaces.
MahametroRealty BrokersProperty Business SpacesMetro StationsPuneReal Estate PuneSep 08, 2024
The move is aimed at utilizing the available space at metro stations to create business opportunities and increase revenue. There are 38 small and 24 large property business spaces at 23 metro stations that will be leased out on a long-term basis.
According to Hemant Sonawane, Executive Director (Administration and Public Relations), Maha-Metro, the firm has floated a tender on September 1 and a pre-bid meeting is scheduled on Monday.
Frequently Asked Questions
What is the purpose of Maha-Metro's partnership with real estate brokers?
The partnership aims to lease out properties at selected metro stations and generate revenue through the property business.
How many property business spaces are available for lease?
There are 38 small and 24 large property business spaces at 23 metro stations available for lease.
What is the tenure of the lease?
The lease will be for a period of nine years.
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.
Who is eligible to lease the property business spaces?
Entrepreneurs and retailers who meet the eligibility criteria set by Maha-Metro can lease the property business spaces.
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