NMRC has planned to lease out commercial spaces at the metro stations in sectors 101, 81, 142 and the Depot, officials said on Monday.
The Noida Metro Rail Corporation (NMRC) said in the request for proposal (RFP) document that the objective is to make use of real estate value to get additional revenue other than the existing earnings through Metro fares. NMRC also said the move will provide a “one stop solution” for commuters along with incentives for private developers.
The corporation will give out commercial space to the selected bidder on 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, issued last week, said.
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, 198sqm and 545sqm of space will be available; it’ll be 104sqm at the Sector 142 station and 105sqm at the Depot station.
“The licensee’s responsibility will be to develop the entire offered area with prior approval by NMRC,” the document said.
Interest bidders can submit their application to the NMRC by August 2.
Presently, the NMRC’s Aqua Line connects Noida Sector 51 station to the Depot station in Greater Noida. It has 21 stations on the route and a ridership of around 30,000 commuters per day.
Brajesh Kumar Sharma, a resident of Antriksh Golf View in Sector 78 of Noida, said the decision appeared to be sound.
“The Sector 101 metro station is around 700 metres from our sector. People have again started using the Metro after the coronavirus restrictions were lifted. They will be able to buy goods while leaving the station or boarding the trains. It could also increase the footfall,” he said.