India Retails & Hospitality Private Ltd (IRHPL) has signed a memorandum of understanding with Mumbai Metro Rail Corporation to act as master concessionaire for commercial operations at two flagship stations on the underground Metro Line 3 corridor: Bandra Kurla Complex and Mumbai Airport T2.

The agreement will see IRHPL convert the concourse and platform areas into vibrant retail hubs, offering high quality shops, quick service food counters, premium lounges and experiential zones modelled on airport standards. Only the 22 kilometre stretch from Aarey to Worli is currently open, but the concession positions IRHPL for further opportunities as the full line is activated.

Chief Executive Naresh Sharma said the deal marks the group’s first expansion beyond airports and taps the growing potential of India’s metro networks. MMRCL Planning Director Ramana Rachaprolu called the partnership “a turning point in urban transit”, adding that IRHPL’s airport pedigree would deliver a fresher, more functional passenger environment.

Both parties expect the initiative to redefine perceptions of metro stations by integrating retail, dining and customer services under one roof, creating convenient destinations for commuters and visitors alike.