The Uttar Pradesh Metro Rail Corporation (UPMRC) would soon appoint a consultant for monetisation of 86 acre of land in Lucknow.
The UPMRC is trying to generate non-fare revenue in different ways, including advertisements on trains, joint branding of stations, and leasing of commercial space at the stations.
The land parcel for commercial development has been made available by the government of Uttar Pradesh in April 2022 to UPMRCL.
There are seven pockets of land in this area with mixed land use development norms. The land is at a prime location and will have commercial, residential and retail development.
Moreover, the corporation has leased around 40,000 sq ft of space at Metro stations in the Lucknow Metro project and around 15,000 sq ft at stations in the Kanpur Metro priority corridor.
Of these, all the area at Kanpur Metro stations and approximately 17,000 sq ft of area at Lucknow Metro stations has been leased out.
