Home / Mumbai / Mumbai News / Article / MMRCL allots 1.3-lakh sq ft commercial space across 27 Mumbai Metro-3 stations

MMRCL allots 1.3-lakh sq ft commercial space across 27 Mumbai Metro-3 stations

The available spaces include 40,000 square feet large floor plates to smaller kiosks of about 100 square feet. The commercial spaces are strategically located in high footfall areas of the metro stations and attracted prominent bidders across various sectors

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Representational pic

Representational pic

Mumbai Metro Rail Corporation Limited (MMRCL) awarded 1.3 lakh square feet of retail commercial space at 27 Mumbai Metro Line-3 stations. These spaces, offered through an open tender process, cater to diverse commercial segments, including office food & beverage (F&B), retail, banking ATMs, and vending machines.

The available spaces include 40,000 square feet large floor plates to smaller kiosks of about 100 square feet. The commercial spaces are strategically located in high footfall areas of the metro stations and attracted prominent bidders across various sectors. Major retail players such as Tata Trent, India Retail & Hospitality, Naman Group Rozeus Retail, Mystical Group and individual brands like Amar Tea, Warna Sahakari, Delicia Foods, and Chitale Bandhu participated in the bid. The response underscores the attractiveness of the location, the exclusivity of large spaces, and the high anticipated ridership once the metro line is fully operational. The annual lease rentals from this transaction would offset the O&M cost and JICA loan repayments. The Non-Fare Box Revenue (NFBR) transactions are being facilitated by Auctus Advisors.

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