NMRC to lease out commercial spaces at four metro stations

The bidders who are interested can submit their applications to the NMRC by August 2.

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NOIDA (Metro Rail News): The Noida Metro Rail Corporation (NMRC) has decided to give commercial spaces at the stations in sectors 101, 81, 142 and the Depot. NMRC has taken this decision with the aim to make use of real estate value to get additional revenue other than the existing earnings through Metro fares.

The commercial space will be given out to the selected bidder for a licence period of 15 years. “It can be extended for a suitable time period with mutual consent of both the parties,” the RFP document by NMRC stated. “The licensee’s responsibility will be to develop the entire offered area with prior approval by NMRC,” it added.

According to officials, 198sqm and 597sqm of space will be available on two floors of the Sector 101 station. At the Sector 81 metro station, 198 sqm and 545 sqm of space will be available whereas 104 sqm at the Sector 142 station and 105 sqm at the Depot station will be available.

The bidders who are interested can submit their applications to the NMRC by August 2. The Aqua Line connects Noida Sector 51 station to the Depot station in Greater Noida. It has 21 stations on the route and ridership of around 30,000 commuters per day.

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