Chennai Metro invites tenders for renting out commercial spaces

 



Chennai, India (Metro Rail Today): Following the resumption of metro services in Chennai on Monday, Chennai Metro Rail Limited (CMRL) has invited tenders for renting out commercial spaces (bare shell shops and office spaces) along corridors 1 (between Washermenpet and Chennai Airport) and 2 (between Chennai Central and St. Thomas Mount) of Phase I and its extension (between Washermenpet and Wimco Nagar), in the city in a recent development.

The spaces can be rented at street, concourse and link bridge levels at select elevated and underground metro stations across the city.


The move aims to facilitate the needs of commuters and increase footfall and boost the revenue for CMRL, which has seen a dip in revenue owing to the pandemic-induced lockdowns.
The built up space, ranging from 20 square metres (sqm) to 2000 sqm will be available for rent at select metro stations in Chennai for 10 years. The rental rate will be calculated from Rs. 310 to Rs. 775 per sqm.

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