KMRL to launch drive to rent, lease out space at metro stations
The Hindu
It aims to garner revenue to meet operation and maintenance expenses
A marketing drive is on the anvil to rent out approximately 60,000 sq.ft. retail space and 50,000 sq.ft. office space in prominent Kochi metro stations, metro sources said. The spaces were readied by Kochi Metro Rail Limited (KMRL) to garner non-ticketing revenue, in order to meet the metro’s operation and maintenance expenses. “A marketing drive has been envisaged since there were few enquiries for these spaces during the past year. The KMRL gave concessions on rent to retail outlets due to the pandemic-induced lull in business. Substantial prime commercial and retail space is on offer, especially at stations in Aluva, Kalamassery, Edappally, JLN Stadium, Kaloor and at Ernakulam Junction,” the sources said.
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