Delhi Metro plans commercial complex near Nehru Place station | delhi | Hindustan Times
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Delhi Metro plans commercial complex near Nehru Place station

Buoyed by the success of the food court and its commercial complex at the Nehru Place Metro station, the Delhi Metro Rail Corporation (DMRC) plans to build another one in the vicinity.

delhi Updated: Sep 10, 2016 22:39 IST
Faizan Haidar
DMRC

Buoyed by the success of the food court and its commercial complex at the Nehru Place Metro station, the Delhi Metro Rail Corporation (DMRC) plans to build another one in the vicinity.

Buoyed by the success of the food court and its commercial complex at the Nehru Place Metro station, the Delhi Metro Rail Corporation (DMRC) plans to build another one in the vicinity.

According to DMRC sources, the existing parking site will be removed and a multi-storey complex with parking facility will be developed to generate more revenue.

“Next year, we have planned to develop many properties in south Delhi. We have decent space at Nehru Place Metro station and the existing space was in huge demand. Keeping in mind the heavy demand, we will build a similar complex there,” said a DMRC official.

Sources said that before the construction, the DMRC will come out with a brochure asking interested parties to book space in advance.

Another multi-storey commercial hub will come up in south Delhi’s Bhikaji Cama place Metro station, which is part of the 58.38km-long Mukundpur-Shiv Vihar corridor. The station will be underground and the floors above will be sublet for food court and offices.

Read: Metro fare panel suggests steep hike in fares

“The station has a perfect location with so many offices and markets like Lajpat Nagar, Sarojini Nagar, South Extension and Moti Bagh near it. We are expecting a huge demand for the space and planning to rent out the space has already started,” said a DMRC official. The DMRC sources said that there will be four floors above the ground.

“Each floor will have around 2,700 square metre area. Since the line is expected to be made operational by December 2016, we will start the marketing for the space in next 2-3 months,” the official added.

The DMRC is also coming up with a commercial complex near Jantar Mantar where they will rent out space for offices. An internal analysis by the DMRC has revealed that almost one lakh square metre space, good enough to construct 1,000 shops, is lying unused at Metro stations across Delhi-NCR.

“We have conducted analysis of 165 stations and a majority of space is lying vacant on the stations in Faridabad, Dwarka and on the Red Line towards Seelampur. At the IT Park in Shastri Park, we have space on many floors. We will soon reissue a tender at low rates,” said a senior DMRC official.