NAGPUR: MahaMetro is focusing on maximizing its commercial properties to enhance non-fare revenue; however, a significant portion of its assets remains underutilized. Of the 212 commercial spaces across the active metro network, only 54 have been leased, leaving 158 units empty. This situation presents both challenges and opportunities for the transit authority, according to data from MahaMetro.
These commercial spaces are distributed across stations and land parcels, including approximately 140 small units, 40 larger properties, and various kiosks and shops. Despite the low occupancy rate, MahaMetro generated Rs137.81 crore in non-fare revenue for the fiscal year 2023–24, derived from commercial leasing, public-private partnerships (PPP), advertising rights, and train wrapping. For the year 2024–25, the projected earnings are Rs178.12 crore, though these figures will be finalized after the ongoing audit.
A senior MahaMetro official pointed out that two significant plots have already been leased. One includes a 30,000 sq. ft. area behind the Airport Metro station designated for a Hilton hotel, and the second is a 2 lakh sq. ft. plot near Yashwant Stadium, with discussions underway with Taj Hotels. Officials stress that leaseholders retain complete control over development decisions.
Moreover, as part of phase-2 of MahaMetro’s expansion, additional land opportunities are becoming available. “A 25-acre strip near Mihan, situated between the National Cancer Institute (NCI) and Metro City stations, is still up for lease. Similarly, a 30-acre plot near the Hingna depot is also earmarked for future commercial use,” stated a senior official.
On a station-by-station assessment, Gaddigodam Metro station has the highest tally with 35 commercial spaces, but only five have been leased. Sitabuldi Interchange performs better, with 14 available and 11 leased. In contrast, several stations—including Indora, Ujjwal Nagar, and Chhatrapati Square—show no leasing activity despite numerous available units.
Currently, 30 stations have at least one vacant unit, while 15 have not seen a lease in a considerable time. MahaMetro officials remain upbeat, viewing these empty spaces as long-term assets that could enhance the financial sustainability of the system. With increasing foot traffic, strategically located stations, and vital land parcels in urban growth areas like Mihan and Hingna, they believe that the right partnerships could transform these vacant spaces into significant revenue generators.
As phase-2 advances and commercial interest around Nagpur’s metro network amplifies, MahaMetro is focused on balancing infrastructure development with sustainable revenue generation, while also addressing the challenges of space utilization.
