KOCHI (METRO RAIL NEWS): Kochi Metro Rail Limited (KMRL) has solicited expressions of interest (EoI) for the launch of a business-class hotel or any other venture in the Ernakulam South metro station’s seven floors of commercial space.
There is a total of 59,500 square feet of ‘raw space’ available above the concourse level of the metro station for this purpose. If not for business class hotels, the region is suitable for use as commercial office space or mixed development, according to KMRL sources, especially because the land is strategically positioned near the city’s main railway station.
They also mentioned that the surrounding area could be used to build a multi-level parking complex. It’s part of the metro’s plan to monetize land and buildings it owns in order to generate non-ticketed revenue.
It has previously announced plans to rent out around 60,000 square feet of retail space and 50,000 square feet of office space at high-traffic metro stations.
The plan to earn money from the proposed 3,000-crore Bliss City in 17.43 acres in Kakkanad has been put on hold for the time being. To construct a modern health and wholesome entertainment zone, a public-private partnership (PPP) model has been proposed.