Bangalore Metro Offers Commercial Space for Lease Near Indiranagar Station

Bengaluru: The Bangalore Metro Rail Corporation Ltd (BMRCL) is set to boost its non-fare revenue by leasing out valuable commercial space located near the Indiranagar metro station. This strategic move is part of BMRCL’s broader plan to optimise its assets and generate additional income beyond the usual farebox revenue.

The available space totals 7,704 square feet, distributed across two floors: 3,914 square feet on the ground floor and 3,790 square feet on the first floor. Situated under the metro viaduct in Indiranagar, this area is being marketed by the BMRCL as an ideal location for business activities. According to the BMRCL, the space presents a unique opportunity for various commercial ventures, making it an attractive proposition for potential lessees.

The bidding process for this commercial space is underway. Interested parties can purchase the bid document from the BMRCL’s head office between 8 July and 7 August. The deadline for submitting bids is set for 19 August, and the bids will be opened on the same day. This timeline provides prospective lessees a narrow window to prepare and submit their proposals.

Despite the promising commercial prospects, the leasing proposal has faced criticism. One major concern is that the design of the space may not fully adhere to setback rules, which are crucial for ensuring adequate spacing around structures. Additionally, there are apprehensions about safety, particularly because the upper floor of the commercial space is positioned close to the metro viaduct. Critics argue that this proximity could potentially pose risks to both the building’s occupants and the structural integrity of the viaduct.

Another point of contention is the use of the land under the viaduct. Some critics believe that the vacant area would be better utilised as parking space for metro commuters, which would address a significant need given the high volume of passengers using the Indiranagar station. They argue that this alternative use could alleviate some of the parking issues faced by daily travellers and provide a more immediate benefit to metro users.

In response to these criticisms, the BMRCL has defended its decision, stating that the proposal for the commercial space was approved a long time ago and that careful consideration has been given to ensure that the maintenance and structural integrity of the viaduct are not compromised. The BMRCL maintains that the space will be managed in a way that ensures both commercial success and safety.

The leasing of this space reflects a broader trend in urban infrastructure management, where metro corporations and similar entities are increasingly looking to diversify their revenue streams. By leveraging available space for commercial purposes, these organisations aim to supplement their primary income sources and enhance overall financial stability.

As the bidding process progresses, the BMRCL will be closely monitoring the submissions to ensure that all safety and regulatory requirements are met. This careful scrutiny will be essential to addressing the concerns raised by critics and ensuring the successful integration of commercial activities within the metro infrastructure.