The Delhi Metro Rail Corporation (DMRC) will monetize about 2 lakh sq. ft. at Karkardooma and Anand Vihar Metro Stations in a bid to increase revenue, which has been hit badly due to Covid 19.
DMRC has invited tenders for leasing of approximately 9563 sq. m. area at Karkardooma metro station of the Pink line for commercial development. The successful bidder will be offered the space for 15 years.
“The Karkardooma station is an interchange station between Blue and Pink lines of the Delhi Metro network. The station lies in the proximity of the Karkardooma District Court Complex,” said a DMRC official.
DMRC has planned commercial development at Karkardooma station along with operating facilities for commuters. The space on the first, second, and third floors of the station is proposed to be leased out for specified purposes like retail, organized commercial space, office space, and banks.
“The project site has an excellent opportunity to become an important commercial hub within this locality. With separate access being available for the commercial areas and parking space, prominent and spacious frontage, and a captive commuter base, this area will present unique opportunities for retailers,” the official added. The corporation has approximately 8600 sq. m. area at Anand Vihar metro station of Blue line.
The station is located in area having huge transport hub with Metro connectivity of Pink and Blue line, Railway and ISBT.
“The area has adequate presence of social and physical infrastructure facilities and amenities such as educational institutes, hospitals and nursing homes, entertainment facilities and other facilities such as Karkardooma Court, Yamuna Vihar Sports complex along with Railway and ISBT,” the DMRC official said.
The area has been divided by DMRC into 2 packages with Package 1 for an area of 1130 sq. m. at concourse level and Package 2 for an area of 7470 sq. m. at ground level and first-floor level. The tender for package 1 has already been invited. The tender for package 2 is scheduled to be invited in the next month.
“Both the areas at Karkardooma and Anand Vihar have adequate provision for vehicular parking and shall be leased for a lease period of 15 years and rent free moratorium period ranging from 6 months to 12 months,” the official said.