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Mumbai: Mumbai Metro Rail Corporation Limited (MMRCL), which is executing the 33.5-km-long underground Metro Line-3 corridor (Colaba-Bandra-Seepz), awarded 1.3 lakh sq ft of retail commercial space at 27 metro stations. This initiative is expected to generate Rs 20 crore in non-fare box revenue.
The spaces, allocated through an open tender process, cater to diverse commercial segments such as food and beverage (F&B), retail, banking ATMs, and vending machines. The available spaces range from large floor plates of 40,000 sq ft to smaller kiosks of about 100 sq ft, ensuring flexibility for various business needs.
An MMRCL spokesperson stated, “The commercial spaces are strategically located in high-footfall areas of metro stations, attracting prominent bidders across various sectors.” The spokesperson added, “The response underscores the attractiveness of the locations, the exclusivity of large spaces, and the anticipated high ridership once the metro line becomes fully operational. The annual lease rentals from these transactions will offset operational and maintenance costs, as well as JICA loan repayments. These Non-Fare Box Revenue (NFBR) transactions are being facilitated by Auctus Advisors.”
Ashwini Bhide, managing director of MMRCL, said, “By maximizing revenue from non-fare sources, we can keep ticket fares in check, ensuring that the metro remains affordable and accessible to a larger segment of the public.”
MMRCL aims to generate 10-15% of revenue from non-fare sources. Comparatively, Metro 2A and 7 (Gundavli-Dahisa-Andheri) generate around Rs 100 crore from non-fare revenue, while Mumbai’s first metro line earns approximately Rs 55-60 crore. MMRCL’s non-fare revenue streams include station branding rights, mobile apps, and advertising rights in trains.
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