Bhopal Metro Retail Plans Hit By Low Footfall And Parking Shortage, Shops Remain Unbooked For Four Months As Fresh Bids Invited
Bhopal (Madhya Pradesh): With average daily passenger footfall in Madhya Pradesh's metro services reportedly below 100, the MP Metro Rail Corporation Limited (MPMRCL) is struggling to attract businesses to its commercial spaces. Not a single retail space in Bhopal Metro has been booked in the past four months, raising questions over the commercial viability of shops and food outlets planned…
Bhopal Metro's commercial prospects are suffering due to low footfall and a lack of parking spaces, leaving retail spaces vacant for four months. The MP Metro Rail Corporation Limited (MPMRCL) is inviting new bids for 3,230 square meters of commercial space at Board Office Square and Subhash Nagar stations in Bhopal. The available areas total 2,520 square meters at Subhash Nagar and 710 square meters at Board Office Square.
In Indore, 1,400 square meters have been identified for retail spaces across multiple metro stations. Businesses that take up the space must commit to a 10-year lease with a mandatory two-year lock-in, with termination requiring 180 days' notice after a 180-day grace period. The licence fee increases by 5% annually. Additional costs include GST, electricity, water charges, and development fees.
MP Metro managing director S Krishna Chaitanya stated the corporation is working to boost non-fare revenue through various means, including issuing tenders for station naming rights and advertising.
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